Vital Energy (CVE:VUX) Shares Down 14.8% – What’s Next?

Vital Energy Inc. (CVE:VUX) dropped 14.8% during trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 2,500 shares changed hands during trading, a decline of 91% from the average daily volume of 26,959 shares. The stock had previously closed at C$0.27.

Vital Energy Stock Down 14.8 %

The company’s 50 day moving average price is C$0.25 and its two-hundred day moving average price is C$0.27. The company has a current ratio of 0.54, a quick ratio of 1.30 and a debt-to-equity ratio of 64.87. The stock has a market cap of C$19.02 million, a P/E ratio of -5.75 and a beta of 0.47.

Vital Energy Company Profile

Vital Energy Inc, a junior oil and gas company, engages in the acquisition, exploration, and development of crude oil and natural gas in Western Canada. The company holds interest in the Gull Lake and Pennant projects located in the SW Saskatchewan area; Sullivan Lake and Baxter Lake projects located in the East Central Alberta area; the Pembina property and the Ante Creek property located in the West Central Alberta area; and Lampman and Steelman projects located in the SE Saskatchewan.