Athabasca Oil (TSE:ATH) Stock Passes Above 200-Day Moving Average - Here's What Happened

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded Athabasca Oil from a "strong-buy" rating to a "hold" rating and set a C$6.50 price objective for the company. in a research note on Friday, July 11th.

Athabasca Oil Stock Performance

The company's 50 day moving average is C$5.50 and its 200 day moving average is C$5.16. The firm has a market cap of C$2.89 billion, a P/E ratio of 13.06, 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 quick ratio of 1.24 and a current ratio of 2.54.

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.