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Independent Oil Gas
Rancher Energy Corp. is a junior oil and natural gas company that explores, develops, and produces oil and gas properties in Western Canada. The Company's core resource style is in the shallow gas play at the Drayton Valley area of Alberta.
Rancher Energy Corp. [RNCH] is listed on the OTCQB, a middle-tier over-the-counter (OTC) market for American equities run by OTC Markets Group. The OTCQB is a safe haven for established public companies, with at least 100,000 shares in public float and a bid price of at least $0.01.
As of 24-02-23, 11:49 AM EST, the current stock price is 0.0269 USD. It had a one-year low of $0.0128 and a one-year high of $0.0655. The stock has a market capitalization of 3.549 million USD and a PE ratio of 6.64 (lowest in the industry) as of February 23, 2023.
Rancher Energy Corp. stock symbol (RNCH) has a long-term debt/equity of 0.01, with a return on equity of 11.60%. The stock volatility for the past 30 days is 72.72.
RNCH's highest trading volume was 205,452 shares, and 2,300,000 shares were traded hands. It recorded a low trading volume of 100,000 shares.
Dividend yield is 0%, and earnings per share (EPS) is -$0.04. Earnings per share (EPS) is a company's net income divided by the number of outstanding shares, and it is negative because the firm has a net loss of $731,077. Basic and diluted EPS were ($0.04) per share. The company has 103.86 million shares outstanding. RNCH's book value is $-0.02 per share. Its account has a price-to-book ratio (P/B) of 0.542, indicating the stock is trading 1.42 times higher than its book value.
The company behind the ticker symbol RNCH has a Profit versus Industry average (ROCE) of -28.35%. Its profit margin is -47.60, which is subpar compared to the industry average. The short interest is 26,500 shares, representing 0.05 days to cover.
Rancher Energy Corp. (RNCH) is not suiteable for value investors because its over-the-counter stock price increased by 74.42% over the past year, which significantly exceeds the industry-wide gain of 11.26%. The stock price grew 74.42% during the past year.
The PE ratio, or price-to-earnings ratio, is a widely used yardstick for affordability. Since oil and gas companies are capital-intensive and require a significant investment in assets such as wells, rigs, and machinery, this industry typically has a lower P/E ratio than the broader market, indicating investors have lower expectations for profitability.
To mitigate cash flow risk, Rancher Energy Corp. often generates sufficient cash from operating activities, which amounted to $254,839 in the third quarter, a 146.25% increase over the same quarter the prior year. The increase is primarily due to marketing and administrative costs decreasing and interest income increasing. Overall, cash from operations improved by 76.5% YoY to $794,487 in the first nine months of 2011.