Shares of Athabasca Oil Co. (OTCMKTS:ATHOF) traded up 1.2% during trading on Tuesday . The stock traded as high as $1.06 and last traded at $1.01. 145,210 shares were traded during mid-day trading, a decline of 12% from the average session volume of 165,874 shares. The stock had previously closed at $1.00.
Several analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Athabasca Oil from C$1.00 to C$1.25 and gave the stock a “market perform” rating in a research report on Tuesday, October 26th. Royal Bank of Canada boosted their price objective on shares of Athabasca Oil from C$1.00 to C$1.25 and gave the stock a “sector perform” rating in a research note on Friday, October 8th. Finally, Desjardins upgraded shares of Athabasca Oil from a “hold” rating to a “buy” rating in a research note on Monday, October 4th.
The business’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $0.73.
Athabasca Oil Corp. is an exploration and production company, which engages in the development of thermal and light oil assets. It operates through the Thermal Oil and Light Oil division. The Light Oil division includes the production of oil and liquids-rich natural gas from unconventional reservoirs .
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