Topaz Energy (OTCMKTS:TPZEF) Shares Up 1.6% – Here’s Why

Topaz Energy Corp. (OTCMKTS:TPZEF) shot up 1.6% on Monday . The company traded as high as $21.8860 and last traded at $21.8860. Approximately 250,379 shares traded hands during mid-day trading, an increase of 315% from the average session volume of 60,398 shares. The stock had previously closed at $21.5435.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TPZEF shares. Scotiabank reaffirmed an “outperform” rating on shares of Topaz Energy in a research note on Friday, July 17th. TD Securities restated a “buy” rating on shares of Topaz Energy in a research report on Wednesday, May 6th. Roth Capital initiated coverage on shares of Topaz Energy in a report on Tuesday, June 30th. They set a “buy” rating for the company. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Topaz Energy in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Topaz Energy has a consensus rating of “Buy”.

Topaz Energy Stock Up 1.6%

The stock’s fifty day moving average price is $22.26 and its two-hundred day moving average price is $22.35.

About Topaz Energy

Topaz Energy (OTCMKTS:TPZEF) is a global provider of marine support and logistics services to the offshore oil and gas industry. The company specializes in operating a modern fleet of offshore support vessels designed to meet the operational needs of exploration, development and production activities. Its services encompass anchor handling, towing, platform supply, subsea support and emergency response, addressing critical requirements for safety, efficiency and environmental compliance.

Topaz Energy’s fleet includes anchor handling tug supply (AHTS) vessels, platform supply vessels (PSVs), subsea support vessels (SSVs) and multipurpose utility vessels.