Shares of Athabasca Oil Co. (TSE:ATH) reached a new 52-week high during trading on Thursday . The stock traded as high as C$1.02 and last traded at C$1.01, with a volume of 4884675 shares changing hands. The stock had previously closed at C$0.99.
Several analysts have commented on ATH shares. Desjardins raised shares of Athabasca Oil to a “buy” rating and set a C$1.25 price target for the company in a research report on Monday, October 4th. Royal Bank of Canada increased their price target on shares of Athabasca Oil from C$1.00 to C$1.25 and gave the company a “sector perform” rating in a research report on Friday, October 8th.
The stock has a market capitalization of C$535.98 million and a PE ratio of -4.98. The company has a current ratio of 0.46, a quick ratio of 0.30 and a debt-to-equity ratio of 105.21. The company’s 50-day moving average is C$0.81 and its 200 day moving average is C$0.76.
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 divisions. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.
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