Athabasca Oil (OTCMKTS:ATHOF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Athabasca Oil Co. (OTCMKTS:ATHOF) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.64 and traded as low as $3.47. Athabasca Oil shares last traded at $3.54, with a volume of 136,669 shares traded.

Analyst Ratings Changes

Separately, Raymond James initiated coverage on Athabasca Oil in a research report on Friday, October 18th. They issued a “market perform” rating and a $5.50 price objective on the stock.

Athabasca Oil Price Performance

The company’s fifty day simple moving average is $3.63 and its 200 day simple moving average is $3.75.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.