Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.91 and traded as low as $2.83. Tamarack Valley Energy shares last traded at $2.98, with a volume of 24,190 shares changing hands.
Analysts Set New Price Targets
Separately, Raymond James started coverage on shares of Tamarack Valley Energy in a research note on Friday, October 18th. They issued a “market perform” rating and a $5.00 price target on the stock.
View Our Latest Research Report on TNEYF
Tamarack Valley Energy Stock Performance
Tamarack Valley Energy Company Profile
Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Its oil and natural gas properties are the Cardium, Clearwater, Charlie Lake, and Enhanced Oil Recovery assets located in the province of Alberta, Canada.
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