Athabasca Oil (TSE:ATH) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.02 and traded as high as C$5.32. Athabasca Oil shares last traded at C$5.24, with a volume of 3,769,081 shares changing hands.

Analyst Upgrades and Downgrades

ATH has been the topic of a number of research reports. Royal Bank of Canada raised shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research note on Monday, March 10th. BMO Capital Markets cut their price target on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th.

Athabasca Oil Stock Up 1.3%

The company has a market cap of C$2.75 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of -0.51 and a beta of 2.05. The stock's 50-day moving average is C$4.94 and its 200-day moving average is C$5.02. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

About Athabasca Oil

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.