PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) passed 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.
Analyst Ratings Changes
Separately, Raymond James initiated coverage on shares of PrairieSky Royalty in a report on Friday, October 18th. They set a “market perform” rating and a $33.00 price objective for the company.
Read Our Latest Analysis on PREKF
PrairieSky Royalty Stock Down 2.0 %
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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