Tamarack Valley Energy (OTCMKTS:TNEYF) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.19 and traded as low as $3.15. Tamarack Valley Energy shares last traded at $3.15, with a volume of 9,757 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James assumed coverage on shares of Tamarack Valley Energy in a research report on Friday, October 18th. They set a “market perform” rating and a $5.00 price target on the stock.

Get Our Latest Analysis on Tamarack Valley Energy

Tamarack Valley Energy Trading Down 1.5 %

The business’s 50-day simple moving average is $3.19 and its 200-day simple moving average is $3.04.

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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