Shares of Traverse Energy Ltd. (CVE:TVL) were down 27.8% on Friday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 104,000 shares were traded during trading, an increase of 52% from the average daily volume of 68,466 shares. The stock had previously closed at C$0.09.
The company has a debt-to-equity ratio of 20.41, a current ratio of 0.12 and a quick ratio of 0.09.
Traverse Energy (CVE:TVL) last released its quarterly earnings results on Wednesday, August 22nd. The company reported C($0.08) earnings per share for the quarter. The firm had revenue of C$1.78 million for the quarter. Equities research analysts predict that Traverse Energy Ltd. will post -0.0323076918106509 earnings per share for the current year.
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Traverse Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, oil, and natural gas liquids (NGL) in Canada. The company's principal properties include the Coyote, Michichi, Turin, Duvernay shale, and Watts located in the province of Alberta. As of December 31, 2017, its proved plus probable reserves included 5,626 million cubic feet of natural gas and 1,289.6 thousands of barrels of oil and NGL.
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