Advantage Energy (TSE:AAV) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Advantage Energy's shares have crossed above the 200-day moving average, trading at C$11.50, indicating positive market momentum.
• The Royal Bank of Canada has raised its price target for Advantage Energy from C$11.00 to C$12.00, with a rating of "sector perform" and a consensus rating of "Moderate Buy" from analysts.
• Advantage Energy has a current market capitalization of C$1.92 billion and focuses on sustainable energy resources in Canada, particularly in Alberta.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.64 and traded as high as C$11.51. Advantage Energy shares last traded at C$11.50, with a volume of 581,133 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lifted their price target on Advantage Energy from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Advantage Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.83.

Advantage Energy Stock Performance

The stock has a 50-day simple moving average of C$11.05 and a 200 day simple moving average of C$10.67. 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 company has a market capitalization of C$1.90 billion, a PE ratio of 35.47, a P/E/G ratio of -3.58 and a beta of 0.31.

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.