Post by
geezer21 on Jun 10, 2022 9:47am
PRQ 171.25% Profit Margin and 2.0 p/e
Despite PRQ having the highest profit margin of 171.25% and the lowest p/e of 2.0 of all the oil producers and the price of oil at record levels PRQ's share price has dropped this morning along with all the other oil company share prices.
Oil share prices are moving in unison under the impact of a sell off in the stock markets.
The one good thing that can be said for the oil companies is they are weathering the stock market decline much better than many other sectors.