Hillcrest Petroleum (CVE:HRH) Shares Down 7.7%

Shares of Hillcrest Petroleum Ltd (CVE:HRH) were down 7.7% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 797,944 shares were traded during trading, a decline of 50% from the average daily volume of 1,594,429 shares. The stock had previously closed at C$0.07.

The company has a market capitalization of $4.95 million and a price-to-earnings ratio of -7.22. The firm has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.04.

In other news, Director Michael Krzus sold 2,000,000 shares of Hillcrest Petroleum stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of C$0.06, for a total value of C$110,000.00. Following the sale, the director now directly owns 2,600,000 shares of the company’s stock, valued at C$143,000. Also, Director Donald James Currie sold 1,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$0.05, for a total value of C$75,000.00. Following the sale, the director now owns 8,919,813 shares of the company’s stock, valued at C$445,990.65.

About Hillcrest Petroleum (CVE:HRH)

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in Canada. It holds an agreement to acquire a 75% working interest in the Western Canada Sedimentary Basin located in the provinces of Alberta and Saskatchewan. The company was formerly known as Hillcrest Resources Ltd.

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