Athabasca Oil Co. (TSE:ATH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.23 and traded as high as C$5.75. Athabasca Oil shares last traded at C$5.66, with a volume of 1,199,965 shares traded.
Wall Street Analyst Weigh In
Separately, Scotiabank downgraded Athabasca Oil from a "strong-buy" rating to a "hold" rating and set a C$6.50 target price for the company. in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Athabasca Oil currently has an average rating of "Hold" and an average target price of C$6.10.
Check Out Our Latest Stock Report on ATH
Athabasca Oil Stock Performance
The stock has a market cap of C$3.18 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. 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 firm has a 50 day moving average price of C$5.73 and a 200 day moving average price of C$5.26.
Insider Activity at Athabasca Oil
In other news, insider Athabasca Oil Corporation purchased 158,200 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of C$5.89 per share, for a total transaction of C$932,414.98. Corporate insiders own 0.24% of the company's stock.
About Athabasca Oil
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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.
Further Reading
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