Crew Energy Inc. (CR:CA) Declines 7.81%

Crew Energy Inc. (CR:CA) Declines 7.81%

It was a tough day for Crew Energy Inc. (CR:CA) as its stock fell 7.81% to finish the day at $1.18 a share. That reduces the company’s market cap to 179.04 million on 151.73 million outstanding shares. Crew Energy Inc. is a component of the the S&P/TSX SmallCap Index.

1.87 million shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

Crew Energy Inc. is an oil and gas exploration and production company that acquires and develops crude oil and natural gas. The company operates in the Western Canadian Sedimentary Basic. The company’s core operating areas are in Montney, British Columbia, and Lloydminster, between Alberta and Saskatchewan. The Montney resource is a siltstone gas reservoir where the company extracts natural gas. The Lloydminster asset produces heavy oil. Additionally, the company owns oil processing facilities and water disposal sites. The Montney resource is the main source of revenue for the company. A majority of petroleum and natural gas sales are conducted in Canada.. Crew Energy Inc. makes its home in Calgary, AB, and currently has CEO Dale O. Shwed at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $2.77 and a low of $0.75, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 0.2.

Crew Energy Inc. ($CR: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.

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