Cathedral Energy Services (TSE:CET) Shares Pass Above 200-Day Moving Average of $2.62

Posted by William Tyler on Sep 7th, 2024

Cathedral Energy Services Ltd. (TSE:CET – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.62 and traded as high as C$6.08. Cathedral Energy Services shares last traded at C$5.92, with a volume of 29,095 shares.

Wall Street Analyst Weigh In

Separately, ATB Capital decreased their target price on Cathedral Energy Services from C$1.60 to C$1.50 and set an “outperform” rating for the company in a report on Friday, June 28th.

View Our Latest Report on CET

Cathedral Energy Services Price Performance

The stock has a fifty day moving average of C$5.96 and a 200 day moving average of C$2.65. The company has a debt-to-equity ratio of 64.02, a current ratio of 1.46 and a quick ratio of 1.05. The stock has a market cap of C$1.40 billion, a price-to-earnings ratio of 74.00, a P/E/G ratio of -1.64 and a beta of 2.64.

Insider Activity at Cathedral Energy Services

In related news, Senior Officer Lee Harns sold 1,000,000 shares of Cathedral Energy Services stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$0.60, for a total transaction of C$600,000.00. In related news, Senior Officer Lee Harns sold 1,000,000 shares of Cathedral Energy Services stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$0.60, for a total transaction of C$600,000.00. Also, Senior Officer Fawzi Irani sold 131,095 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$0.87, for a total value of C$114,052.65. 21.55% of the stock is owned by company insiders.

About Cathedral Energy Services

(Get Free Report)

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.