Petroshale Inc (CVE:PSH)’s share price fell 7.7% during trading on Thursday . The company traded as low as C$1.18 and last traded at C$1.20. 262,482 shares traded hands during trading, an increase of 239% from the average session volume of 77,436 shares. The stock had previously closed at C$1.30.

Separately, National Bank Financial upped their target price on Petroshale from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a report on Friday, October 5th.

The company has a debt-to-equity ratio of 81.28, a quick ratio of 0.78 and a current ratio of 0.79.

Petroshale (CVE:PSH) last issued its earnings results on Thursday, November 29th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$40.12 million during the quarter.

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Petroshale Company Profile (CVE:PSH)

PetroShale Inc, a junior oil and natural gas company, engages in the acquisition, development, and consolidation of interests primarily in the North Dakota Bakken/Three Forks. It owns interests in the Antelope field covering an area of 1,639 net acres located in North Dakota; approximately 1,931 net acres in the South Berthold area of North Dakota; approximately 340 net acres in the North Nesson area; and approximately 120 acres in the Stockyard Creek area of North Dakota, the United States.

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