Point Loma Resources (CVE:PLX) Hits New 12-Month Low at $0.04

Point Loma Resources Ltd (CVE:PLX)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 168000 shares trading hands. The stock had previously closed at C$0.05.

The company has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.12. The firm has a market cap of $4.01 million and a PE ratio of -0.16. The company has a debt-to-equity ratio of 24.83, a current ratio of 0.41 and a quick ratio of 0.38.

Point Loma Resources Company Profile (CVE:PLX)

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada. The company holds interests in approximately 160,000 net acres and has an inventory of opportunities in the Mannville, Nordegg, Banff, and Duvernay Shale formations in west central Alberta.

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