Athabasca Oil (OTCMKTS:ATHOF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Athabasca Oil Co. (OTCMKTS:ATHOF)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.64 and traded as low as $3.47. Athabasca Oil shares last traded at $3.54, with a volume of 136,669 shares changing hands.

Analyst Ratings Changes

Separately, Raymond James began coverage on shares of Athabasca Oil in a research report on Friday, October 18th. They issued a “market perform” rating and a $5.50 target price on the stock.

Athabasca Oil Stock Up 2.3 %

The firm’s 50 day moving average is $3.63 and its 200 day moving average is $3.75.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.