PetroShale (CVE:PSH) Shares Up 1.5% – Here’s Why

Shares of PetroShale Inc. (CVE:PSH) were up 1.5% during mid-day trading on Monday . The company traded as high as C$0.68 and last traded at C$0.67. Approximately 136,650 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 503,148 shares. The stock had previously closed at C$0.66.

PetroShale Stock Up 1.5 %

The firm has a market cap of C$441.96 million and a PE ratio of 7.28. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 36.65. The firm has a 50 day moving average price of C$0.67 and a 200-day moving average price of C$0.67.

PetroShale Company Profile

PetroShale Inc, an independent oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. It holds interests in the Middle Bakken and Three Forks Benches One, Two, Three, and Four formations, as well as Pronghorn/Sanish and Lodgepole areas.