Athabasca Oil (TSE:ATH) Shares Cross Above 200 Day Moving Average - What's Next?

Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.14 and traded as high as C$5.74. Athabasca Oil shares last traded at C$5.70, with a volume of 980,766 shares traded.

Analyst Ratings Changes

Separately, Scotiabank cut shares of Athabasca Oil from a "strong-buy" rating to a "hold" rating and set a C$6.50 price objective for the company. in a research report on Friday.

Athabasca Oil Stock Performance

The stock has a 50 day moving average price of C$5.40 and a two-hundred day moving average price of C$5.15. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The company has a market cap of C$2.92 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of -0.51 and a beta of 2.05.

Athabasca Oil Company Profile

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.