Shares of Perpetual Energy Inc. (TSE:PMT) rose 4.5% during trading on Tuesday . The stock traded as high as C$1.19 and last traded at C$1.15. Approximately 11,947 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 20,862 shares. The stock had previously closed at C$1.10.

Separately, TD Securities lowered their price objective on Perpetual Energy from C$1.50 to C$1.45 and set a “hold” rating for the company in a research note on Monday, August 14th.

The company’s market capitalization is $71.98 million. The company has a 50 day moving average of $1.17 and a 200 day moving average of $1.39.

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Perpetual Energy Company Profile

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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