Athabasca Oil (TSE:ATH) Shares Pass Above 200-Day Moving Average of $0.00

Athabasca Oil Corp (TSE:ATH)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.62. Athabasca Oil shares last traded at $0.58, with a volume of 447,822 shares traded.

A number of analysts recently weighed in on the stock. National Bank Financial decreased their price target on shares of Athabasca Oil from C$1.65 to C$1.10 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada decreased their price target on shares of Athabasca Oil from C$1.15 to C$1.00 in a research note on Thursday, July 18th. Raymond James reiterated a “market perform” rating and set a C$1.50 price target on shares of Athabasca Oil in a research note on Thursday, August 1st. TD Securities decreased their price target on shares of Athabasca Oil from C$1.15 to C$1.10 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, CIBC decreased their price target on shares of Athabasca Oil from C$1.50 to C$1.30 in a research note on Thursday, July 18th.

The stock has a market cap of $324.38 million and a P/E ratio of -1.54. The company has a current ratio of 3.51, a quick ratio of 3.09 and a debt-to-equity ratio of 46.89. The stock has a 50-day simple moving average of C$0.70.



About Athabasca Oil (TSE:ATH)

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.

See Also: Liquidity

Receive News & Ratings for Athabasca Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil and related companies with MarketBeat.com's FREE daily email newsletter.