International Petroleum (OTCMKTS:IPCFF) Stock Price Up 0.8% – Here’s What Happened

International Petroleum Co. (OTCMKTS:IPCFF) shares rose 0.8% during mid-day trading on Wednesday . The company traded as high as $18.7305 and last traded at $18.7305. Approximately 7,370 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 12,121 shares. The stock had previously closed at $18.5740.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of International Petroleum in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, International Petroleum has a consensus rating of “Hold”.

International Petroleum Trading Up 0.8%

The business has a fifty day moving average price of $18.47 and a two-hundred day moving average price of $17.48.

International Petroleum Company Profile

International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.

The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.