Pan Orient Energy (CVE:POE) Sets New 52-Week High at $2.16

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Pan Orient Energy Corp. (CVE:POE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.16 and last traded at C$2.12, with a volume of 209060 shares changing hands. The stock had previously closed at C$2.05.

The company’s 50 day moving average is C$1.86. The company has a current ratio of 43.16, a quick ratio of 43.16 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $112.55 million and a P/E ratio of -212.00.

Pan Orient Energy (CVE:POE) last released its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.02) earnings per share (EPS) for the quarter. On average, analysts anticipate that Pan Orient Energy Corp. will post 0.02 earnings per share for the current fiscal year.

In other news, insider Pan Orient Energy Corp. acquired 18,700 shares of the stock in a transaction dated Monday, June 10th. The stock was bought at an average price of C$1.84 per share, with a total value of C$34,408.00. Following the completion of the purchase, the insider now directly owns 18,700 shares of the company’s stock, valued at approximately C$34,408. Insiders bought 35,800 shares of company stock valued at $68,806 in the last ninety days.

About Pan Orient Energy (CVE:POE)

Pan Orient Energy Corp., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Thailand, Indonesia, and Canada. It holds interests in the concession L53/48 located in west of Bangkok, Thailand; the East Jabung production sharing contract located in South Sumatra, Indonesia; and 78 sections of Sawn Lake Alberta Crown oil sands located in the central Alberta Peace River Oil Sands area.

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