Athabasca Oil Corp (ATH) Stock Price Up 8.5%
Athabasca Oil Corp (TSE:ATH)’s share price rose 8.5% during trading on Monday . The company traded as high as C$1.22 and last traded at C$1.34. Approximately 2,222,054 shares changed hands during mid-day trading, an increase of 90% from the average daily volume of 1,170,000 shares. The stock had previously closed at C$1.23.
ATH has been the topic of a number of recent analyst reports. Barclays PLC dropped their price objective on Athabasca Oil Corp from C$1.50 to C$1.00 in a research note on Monday, July 24th. Raymond James Financial, Inc. lifted their price objective on Athabasca Oil Corp from C$1.25 to C$1.50 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity dropped their price objective on Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$2.11.
In other news, insider Robert Anthony Broen sold 78,290 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of C$0.94, for a total transaction of C$73,592.60.
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Athabasca Oil Corp Company Profile
Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.
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