PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.11 and traded as low as $18.55. PrairieSky Royalty shares last traded at $19.18, with a volume of 12,135 shares trading hands.
Wall Street Analyst Weigh In
Separately, Raymond James assumed coverage on PrairieSky Royalty in a research note on Friday, October 18th. They issued a “market perform” rating and a $33.00 target price on the stock.
Check Out Our Latest Stock Analysis on PrairieSky Royalty
PrairieSky Royalty Stock Down 1.2 %
About PrairieSky Royalty
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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