It was a tough day for Bellatrix Exploration Ltd. (BXE:CA) as its stock fell 10.91% to finish the day at $0.49 a share on January 23. That reduces the company’s market cap to 39.65 million on 80.91 million outstanding shares. Bellatrix Exploration Ltd. is a component of the the S&P/TSX SmallCap Index.
1.08 million shares exchanged hands over the course of the day as compared with an average daily volume of 348,021 over the last 30 days.
Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta’s deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly economic investment that has the potential to add substantial reserves, production, and long-term economic value for its shareholders. Bellatrix derives revenue from the sale of petroleum and natural gas.. Bellatrix Exploration Ltd. makes its home in Calgary, AB, and currently has CEO Brent Eshleman at the helm.
The past 52 weeks have seen the stock trade in a range between a high of $2.17 and a low of $0.55, and it’s currently sporting a 50-day SMA of $0.86 and a 200-day SMA of $1.25. The current P/E ratio stands at 0, with a P/B ratio of 0.04.
Bellatrix Exploration Ltd. ($BXE:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.