Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.18 and traded as high as C$5.81. Athabasca Oil shares last traded at C$5.70, with a volume of 1,338,915 shares traded.
Analyst Upgrades and Downgrades
Separately, Scotiabank lowered 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 note on Friday, July 11th.
Check Out Our Latest Stock Analysis on ATH
Athabasca Oil Price Performance
The company has a market cap of C$2.94 billion, a P/E ratio of 13.29, a PEG ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The company has a fifty day moving average price of C$5.66 and a two-hundred day moving average price of C$5.19.
Insider Activity at Athabasca Oil
In other Athabasca Oil news, insider Athabasca Oil Corporation bought 158,200 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of C$5.89 per share, with a total value of C$932,414.98. 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.
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