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    PEA   CA7207861021

PIERIDAE ENERGY LIMITED

(PEA)
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Energy stocks put TSX on course for fourth month of gains

05/31/2021 | 10:18am EDT

May 31 (Reuters) - Canada's main stock index hit a fresh record high on Monday and was on course for a fourth month of gains as a jump in oil prices lifted energy stocks.

* At 09:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 34.49 points, or 0.17%, at 19,886.67. The benchmark was on course to end May with a near 4% gain.

* Energy stocks climbed 1.7% to lead sectoral gains as U.S. crude prices and Brent crude added 1.4% each.

* A Reuters poll of strategists predicted that the main index will climb above the 20,000 mark by the end of 2021 as a recovery in the global economy from the coronavirus crisis boosts the outlook for resource stocks.

* Data showed Canada's current account balance was a surplus of C$1.18 billion ($977.47 million) in the first quarter, from a revised C$5.27 billion deficit in the fourth quarter of 2020, due to higher trade in goods and services.

* Cloud-based software maker Dye & Durham Ltd jumped 18.0% to the top of TSX as a management-led shareholder group offered to acquire the company for about C$3.4 billion ($2.8 billion).

* Energy firm Pieridae Energy Ltd rose 2.4% after the company said it hired Japanese lender MUFG Bank to help raise $10 billion for its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia.

* Dundee Precious Metals fell 4.4%, the most on the TSX, after it agreed to buy INV Metals Inc, which soared 51%. The second biggest decliner was Cronos Group Inc , down 3.8%.

* The most heavily traded shares by volume were Athabasca Oil, Baytex Energy and Whitecap Resources .

* On the TSX, 136 issues were higher, while 78 issues declined for a 1.74-to-1 ratio favoring gainers, with 9.33 million shares traded.

* The TSX posted 9 new 52-week highs and no new lows.

* Across all Canadian issues there were 63 new 52-week highs and 5 new lows, with total volume of 27.06 million shares. (Reporting by Sruthi Shankar in Bengaluru Editing by Bernadette Baum)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BAYTEX ENERGY CORP. -7.24% 2.05 Delayed Quote.220.29%
CRONOS GROUP INC. -3.46% 8.94 Delayed Quote.4.75%
DUNDEE CORPORATION -1.79% 1.65 Delayed Quote.23.02%
DUNDEE PRECIOUS METALS INC. 0.00% 7.89 Delayed Quote.-13.77%
DYE & DURHAM LIMITED -0.93% 46.7 Delayed Quote.-6.69%
INV METALS INC. 0.00% 0.66 End-of-day quote.32.00%
LONDON BRENT OIL 0.44% 70.58 Delayed Quote.41.61%
PIERIDAE ENERGY LIMITED -1.45% 0.34 Delayed Quote.-27.37%
S&P GSCI BRENT CRUDE INDEX 0.31% 600.8519 Delayed Quote.39.79%
S&P GSCI PRECIOUS METALS INDEX -0.38% 2393.063 Delayed Quote.-4.15%
WHITECAP RESOURCES INC. -5.82% 5.34 Delayed Quote.16.67%
WTI 0.48% 68.39 Delayed Quote.48.11%
All news about PIERIDAE ENERGY LIMITED
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07/26PIERIDAE ENERGY : Initiates Strategic Review Process, Appoints Interim CFO
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07/26Pieridae Energy Announces Initiation of Strategic Review Process
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07/26Pieridae Energy Limited Appoints Adam Gray as Interim Chief Financial Officer
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07/06PIERIDAE ENERGY : announces resignation of CFO
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07/05PIERIDAE ENERGY : Evaluating goldboro lng strategic alternatives
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07/05PIERIDAE ENERGY : Announces CFO Resignation
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07/05Pieridae Energy Limited Announces Resignation of Rob Dargewitcz as CFO, Effec..
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07/02PIERIDAE ENERGY : Evaluating Goldboro LNG Strategic Alternatives
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07/02Canada's Pieridae to evaluate options to support proposed LNG plant
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More news
Financials
Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 249 M 198 M 198 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 53,6 M 42,7 M 42,7 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees 289
Free-Float 74,2%
Chart PIERIDAE ENERGY LIMITED
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Pieridae Energy Limited Technical Analysis Chart | PEA | CA7207861021 | MarketScreener
Technical analysis trends PIERIDAE ENERGY LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 0,34 CAD
Average target price 0,55 CAD
Spread / Average Target 61,8%
Managers and Directors
Alfred B. Sorensen President, Chief Executive Officer & Director
Adam Gray Chief Financial Officer
Myron Arthur TÚtreault Chairman
Darcy Reding Chief Operating Officer
Charles Boulanger Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PIERIDAE ENERGY LIMITED-27.37%43
CONOCOPHILLIPS41.64%75 846
CNOOC LIMITED8.77%44 774
EOG RESOURCES, INC.47.74%43 000
CANADIAN NATURAL RESOURCES LIMITED36.42%39 425
PIONEER NATURAL RESOURCES COMPANY34.79%37 449