PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.46 and traded as low as $19.40. PrairieSky Royalty shares last traded at $19.48, with a volume of 1,849 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Raymond James initiated coverage on PrairieSky Royalty in a research report on Friday, October 18th. They issued a “market perform” rating and a $33.00 price target for the company.
Check Out Our Latest Analysis on PREKF
PrairieSky Royalty Trading Down 0.6 %
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.
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