Cequence Energy Ltd. (TSE:CQE)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 245500 shares traded. The stock had previously closed at C$0.10.
Separately, GMP Securities downgraded Cequence Energy from a “hold” rating to a “reduce” rating and dropped their target price for the company from C$0.15 to C$0.10 in a report on Monday, November 13th.
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Cequence Energy Company Profile
Cequence Energy Ltd. is a Canada-based company, which is engaged in the exploration for and the development of oil and natural gas reserves. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in Western Canada. The Company’s principal properties are located in the Deep Basin area of Northwest Alberta; the Peace River Arch area of Northwest Alberta, and Northeast British Columbia.
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