PrairieSky Royalty (OTCMKTS:PREKF) Trading 0.9% Higher – Time to Buy?

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) rose 0.9% during trading on Monday . The stock traded as high as $21.20 and last traded at $21.12. Approximately 20,538 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 25,615 shares. The stock had previously closed at $20.94.

Wall Street Analyst Weigh In

Separately, Raymond James began coverage on shares of PrairieSky Royalty in a report on Friday, October 18th. They issued a “market perform” rating and a $33.00 price target on the stock.

PrairieSky Royalty Stock Performance

The business’s 50 day moving average price is $20.34 and its 200 day moving average price is $19.84.

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.