Athabasca Oil (TSE:ATH) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Athabasca Oil Co. (TSE:ATH - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.16 and traded as high as C$5.54. Athabasca Oil shares last traded at C$5.52, with a volume of 1,406,918 shares changing hands.

Analyst Ratings Changes

Separately, Scotiabank lowered Athabasca Oil from a "strong-buy" rating to a "hold" rating and set a C$6.50 price objective on the stock. in a report on Friday, July 11th.

Athabasca Oil Stock Up 0.2%

The company has a market cap of C$2.87 billion, a P/E ratio of 12.99, a P/E/G ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The company's 50-day moving average is C$5.49 and its two-hundred day moving average is C$5.16.

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.

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