Athabasca Oil (TSE:ATH) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Athabasca Oil Co. (TSE:ATH - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.03 and traded as high as C$5.37. Athabasca Oil shares last traded at C$5.30, with a volume of 1,134,512 shares.

Analyst Ratings Changes

ATH has been the topic of several analyst reports. Royal Bank of Canada upgraded Athabasca Oil from a "hold" rating to a "moderate buy" rating in a report on Monday, March 10th. BMO Capital Markets reduced their price target on Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th.

Athabasca Oil Price Performance

The stock's 50-day simple moving average is C$4.93 and its 200 day simple moving average is C$5.03. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The company has a market cap of C$2.68 billion, a price-to-earnings ratio of 12.12, a PEG 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.