Petroshale (CVE:PSH) Shares Up 10.6%
Shares of Petroshale Inc (CVE:PSH) shot up 10.6% on Thursday . The stock traded as high as C$0.73 and last traded at C$0.73, 10,167,400 shares were traded during trading. An increase of 20,338% from the average session volume of 49,747 shares. The stock had previously closed at C$0.66.
Several research firms have weighed in on PSH. Laurentian reduced their target price on Yangarra Resources from C$5.75 to C$5.25 in a report on Wednesday. National Bank Financial reduced their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th.
The business has a fifty day moving average price of C$0.92. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 90.87. The firm has a market cap of $153.41 million and a PE ratio of 5.68.
PetroShale Inc, a junior oil and natural gas company, engages in the acquisition, development, and consolidation of interests primarily in the North Dakota Bakken/Three Forks. It owns interests in the Antelope field covering an area of 1,639 net acres located in North Dakota; approximately 1,931 net acres in the South Berthold area of North Dakota; approximately 340 net acres in the North Nesson area; and approximately 120 acres in the Stockyard Creek area of North Dakota, the United States.
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