CIBC initiated coverage on shares of Athabasca Oil (OTCMKTS:ATHOF) in a research note published on Sunday, AnalystRatings.com reports. The brokerage issued a buy rating and a $1.30 price target on the stock.
Athabasca Oil stock traded down $0.04 during trading hours on Friday, hitting $0.50. The company had a trading volume of 4,800 shares, compared to its average volume of 163,428. The business’s 50-day simple moving average is $0.56. Athabasca Oil has a 1 year low of $0.50 and a 1 year high of $1.38.
Athabasca Oil Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.
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