Tamarack Valley Energy (OTCMKTS:TNEYF) Stock Price Down 1.7% – Here’s Why

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Free Report) shares dropped 1.7% on Monday . The stock traded as low as $3.03 and last traded at $3.03. Approximately 31,360 shares changed hands during trading, a decline of 69% from the average daily volume of 101,031 shares. The stock had previously closed at $3.08.

Wall Street Analyst Weigh In

Separately, Raymond James started coverage on shares of Tamarack Valley Energy in a report on Friday, October 18th. They set a “market perform” rating and a $5.00 price objective for the company.

Check Out Our Latest Report on Tamarack Valley Energy

Tamarack Valley Energy Trading Down 2.1 %

The business’s 50-day simple moving average is $3.06 and its two-hundred day simple moving average is $2.91.

Tamarack Valley Energy Company Profile

(Get Free Report)

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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