Perpetual Energy Breaks Above 200-Day Moving Average - Bullish For PMT

In trading on Friday, shares of Perpetual Energy Inc (TSX: PMT.TO) crossed above their 200 day moving average of $1.09, changing hands as high as $1.10 per share. Perpetual Energy Inc shares are currently trading up about 1.9% on the day. The chart below shows the one year performance of PMT shares, versus its 200 day moving average:

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Perpetual Energy Inc 200 Day Moving Average Chart

Looking at the chart above, PMT's low point in its 52 week range is $0.78 per share, with $1.64 as the 52 week high point — that compares with a last trade of $1.07.
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