Advantage Energy (TSE:AAV) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Advantage Energy Ltd. (TSE:AAV) recently traded above its 200-day moving average of C$10.88, reaching a high of C$11.54.
• The Royal Bank of Canada raised their price target for Advantage Energy from C$11.00 to C$12.00, assigning a "sector perform" rating.
• Currently, Advantage Energy has an average rating of Moderate Buy with a target price of C$13.00, and a market capitalization of C$1.91 billion.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.88 and traded as high as C$11.54. Advantage Energy shares last traded at C$11.41, with a volume of 416,905 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their price objective on Advantage Energy from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Advantage Energy presently has an average rating of "Moderate Buy" and an average target price of C$13.00.

Advantage Energy Price Performance

The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of -3.58 and a beta of 0.31. The company has a fifty day simple moving average of C$11.08 and a 200 day simple moving average of C$10.88. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75.

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.

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