Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) crossed 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 traded.
Wall Street Analysts Forecast Growth
Separately, Raymond James began coverage on PrairieSky Royalty in a report on Friday, October 18th. They set a “market perform” rating and a $33.00 price objective on the stock.
Read Our Latest Research Report on PrairieSky Royalty
PrairieSky Royalty Stock Up 1.3 %
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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