BNK Petroleum (TSE:BKX) Shares Down 11.1%

BNK Petroleum Inc. (TSE:BKX)’s share price was down 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, approximately 250,500 shares changed hands during mid-day trading. An increase of 160% from the average daily volume of 96,198 shares. The stock had previously closed at C$0.09.

The company has a debt-to-equity ratio of 21.37, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market cap of $20.96 million and a P/E ratio of 2.83. The stock has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.19.

BNK Petroleum Company Profile (TSE:BKX)

BNK Petroleum Inc engages in the acquisition, exploration, and production of unconventional oil and gas resource plays in the United States, Canada, Poland, Spain, Germany, France, and the Netherlands. The company produces crude oil, natural gas, and natural gas liquids. It has working interests in approximately 17,680 net acres of shale oil acreage in the Caney/Upper Sycamore formations of the Tishomingo Field, Oklahoma.

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