Advantage Energy (TSE:AAV) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.44 and traded as high as C$10.45. Advantage Energy shares last traded at C$10.25, with a volume of 316,680 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AAV shares. Cormark raised Advantage Energy to a "moderate buy" rating in a research note on Thursday, March 6th. BMO Capital Markets boosted their price objective on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. National Bankshares upgraded shares of Advantage Energy from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price target on shares of Advantage Energy to C$11.00 and gave the stock a "hold" rating in a research note on Wednesday, April 9th. Finally, National Bank Financial raised shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, January 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Advantage Energy presently has a consensus rating of "Moderate Buy" and an average price target of C$13.50.

Advantage Energy Trading Up 2.5 %

The stock's 50-day simple moving average is C$9.76 and its two-hundred day simple moving average is C$9.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

Insider Activity

In other Advantage Energy news, Director John Festival bought 20,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of C$9.18 per share, with a total value of C$183,600.00. Also, Director Daniel Stuart Farb bought 32,500 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average price of C$8.36 per share, with a total value of C$271,849.50. Insiders bought a total of 54,500 shares of company stock worth $472,770 over the last 90 days. Corporate insiders own 1.55% of the company's stock.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.