Advantage Energy (OTCMKTS:AAVVF) Sees Large Volume Increase - Here's Why

Key Points

• Advantage Energy Ltd. experienced a significant trading volume increase of 158%, with approximately 128,747 shares traded, bringing the stock price to $7.43.
• Analysts have mixed views on the stock, with a consensus rating of "Buy", while firms like CIBC maintain a "neutral" stance, and one analyst has given a Strong Buy rating.
• In its recent earnings report, Advantage Energy posted $0.30 EPS, exceeding estimates, although revenue was below expectations at $120.89 million.

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 128,747 shares changed hands during trading, an increase of 158% from the previous session's volume of 49,901 shares.The stock last traded at $7.43 and had previously closed at $7.55.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAVVF. CIBC restated a "neutral" rating on shares of Advantage Energy in a report on Tuesday, June 24th. Desjardins restated a "buy" rating on shares of Advantage Energy in a research report on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Advantage Energy presently has a consensus rating of "Buy".

Advantage Energy Price Performance

The firm's 50-day moving average price is $8.30 and its two-hundred day moving average price is $7.55. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.23 billion, a PE ratio of 33.38 and a beta of 1.00.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.20. Advantage Energy had a return on equity of 3.40% and a net margin of 8.20%.The business had revenue of $120.89 million during the quarter, compared to analysts' expectations of $194.50 million. On average, equities analysts expect that Advantage Energy Ltd. will post 0.19 earnings per share for the current fiscal year.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.

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