Shares of Perpetual Energy Inc. (TSE:PMT) hit a new 52-week low during trading on Monday . The company traded as low as C$1.00 and last traded at C$1.08, with a volume of 12950 shares. The stock had previously closed at C$1.14.
A number of analysts recently commented on PMT shares. TD Securities raised their price target on Perpetual Energy from C$1.35 to C$1.65 and gave the stock a “hold” rating in a research note on Tuesday, November 14th. GMP Securities raised their price target on Perpetual Energy from C$2.05 to C$2.10 in a research note on Monday, November 13th.
In other news, insider William Mark Schweitzer acquired 100,000 shares of the stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of C$1.12 per share, with a total value of C$112,000.00. Insiders have acquired 112,500 shares of company stock valued at $127,375 in the last three months.
About Perpetual Energy
Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.
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