Tamarack Valley Energy (OTCMKTS:TNEYF) Trading Up 0.5% – Should You Buy?

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Free Report)’s share price shot up 0.5% during trading on Friday . The company traded as high as $5.57 and last traded at $5.55. 15,521 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 42,887 shares. The stock had previously closed at $5.52.

Tamarack Valley Energy Price Performance

The business’s fifty day moving average price is $5.40 and its two-hundred day moving average price is $4.49.

About Tamarack Valley Energy

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Tamarack Valley Energy Ltd. is a Calgary‐based exploration and production company focused on upstream oil and natural gas operations in Western Canada. Established in 2013 through a spin-out from PetroShale, the company has built a diversified portfolio of light oil and liquids‐rich natural gas assets. Its operations are concentrated in the Montney and Duvernay plays of Alberta’s Deep Basin as well as in key formations of northwestern Saskatchewan.

The company engages in the full cycle of oil and gas development, including seismic evaluation, drilling, completion and production optimization.

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