Pinnacle Renewable Energy Inc. (TSE:PL – Get Free Report) dropped 0.1% during mid-day trading on Tuesday . The stock traded as low as C$11.29 and last traded at C$11.29. Approximately 18,797 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 210,578 shares. The stock had previously closed at C$11.30.
Pinnacle Renewable Energy Stock Performance
The company has a debt-to-equity ratio of 231.46, a quick ratio of 0.41 and a current ratio of 0.88. The firm has a market cap of C$376.63 million and a P/E ratio of -74.77. The company’s 50-day simple moving average is C$11.29.
About Pinnacle Renewable Energy
Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power.
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