Raise Production Inc (CVE:RPC)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.09, with a volume of 16000 shares trading hands. The stock had previously closed at C$0.09.
The firm has a market cap of $10.22 million and a price-to-earnings ratio of -3.91.
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Raise Production Inc, an oilfield service company, focuses on utilizing its proprietary products to enhance and increase production in conventional and unconventional horizontal oil and gas wells. The company offers high angle lift solution (HALS) that provides an artificial lift solution for the build and vertical section of a horizontal wellbore.
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