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 $20.25 and traded as low as $19.54. PrairieSky Royalty shares last traded at $19.66, with a volume of 8,496 shares trading hands.
Wall Street Analyst Weigh In
Separately, Raymond James began coverage on PrairieSky Royalty in a report on Friday, October 18th. They issued a “market perform” rating and a $33.00 price objective for the company.
View Our Latest Analysis on PREKF
PrairieSky Royalty Stock Up 2.6 %
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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