Advantage Energy Ltd. Sees Notable Decline in Short Interest

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) experienced a notable reduction in short interest throughout November. By the end of the month on November 30th, the total short interest stood at 2,132,000 shares, reflecting an 11.3% decrease from the November 15th figure of 2,403,300 shares. With an average daily trading volume of 80,400 shares, this gives the stock a days-to-cover ratio of 26.5 days.

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Analyst Ratings Changes

In a separate update, National Bank Financial downgraded Advantage Energy's rating from 'strong-buy' to 'hold' in a research note released on Tuesday, October 8th.

Advantage Energy Stock Performance

On Friday, Advantage Energy (OTCMKTS:AAVVF - Get Free Report) opened at $6.19. Over the past year, the stock reached a low of $6.04 and a high of $8.58. The company reports a quick ratio of 0.75, a current ratio also at 0.75, and a modest debt-to-equity ratio of 0.42. Advantage Energy has a market capitalization of $1.03 billion, a P/E ratio of 30.97, and a beta of 1.58. Its 50-day and 200-day simple moving averages are currently at $6.48 and $6.96, respectively.

The last quarterly earnings results for Advantage Energy were announced on Thursday, October 24th. During this quarter, the company reported an EPS of ($0.03), falling short of the consensus estimate of $0.02 by $0.05. Revenue for the quarter was $106.19 million, which was lower than the analyst estimates of $119.27 million. Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. Analysts forecast that for the current fiscal year, Advantage Energy will report earnings of $0.17 per share.

About Advantage Energy

Advantage Energy Ltd., along with its subsidiaries, is involved in the acquisition, exploitation, development, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 kilometers northwest of Grande Prairie, Alberta.

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This report was generated using financial data and narrative technology to provide readers with rapid and accurate updates. It has been reviewed by editorial staff prior to publication.

Investment Considerations for Advantage Energy

Before making any investment decisions regarding Advantage Energy, it's critical to gather comprehensive insights. Market analysts consistently track the performance of top-rated investment stocks, and currently, Advantage Energy has a 'Hold' rating. However, some analysts suggest considering other stocks that may offer better returns.

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