Prio (OTCMKTS:PTRRY) Trading Down 1.7% – Should You Sell?

Prio S.A. (OTCMKTS:PTRRY) dropped 1.7% during trading on Monday . The company traded as low as C$12.31 and last traded at C$12.34. Approximately 5,281 shares were traded during mid-day trading, a decline of 51% from the average session volume of 10,792 shares. The stock had previously closed at C$12.55.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Prio from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Prio currently has a consensus rating of “Sell”.

Prio Stock Down 3.2%

The stock has a fifty day moving average price of C$11.75 and a 200-day moving average price of C$12.10.

Prio Company Profile

Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.