Topaz Energy Corp. (OTCMKTS:TPZEF) Short Interest Update

Topaz Energy Corp. (OTCMKTS:TPZEF) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 78,900 shares, a decline of 66.9% from the September 15th total of 238,300 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 65.8 days.

Shares of OTCMKTS TPZEF remained flat at $$13.86 during trading on Thursday. 9 shares of the company’s stock were exchanged, compared to its average volume of 6,885. Topaz Energy has a one year low of $11.29 and a one year high of $14.20. The business’s 50 day moving average is $12.91 and its 200 day moving average is $12.60.

TPZEF has been the topic of several recent research reports. CIBC lifted their target price on shares of Topaz Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, July 14th. Scotiabank lifted their target price on shares of Topaz Energy from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, July 15th. BMO Capital Markets lifted their target price on shares of Topaz Energy from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, July 16th. Stifel Nicolaus boosted their price target on shares of Topaz Energy from C$21.50 to C$21.75 and gave the company a “buy” rating in a research report on Thursday, September 23rd. Finally, Canaccord Genuity boosted their price target on shares of Topaz Energy from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Topaz Energy currently has a consensus rating of “Buy” and a consensus target price of $20.66.

About Topaz Energy

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates through the segments, Royalty Assets and Infrastructure Assets. The company holds gross overriding royalty interests on approximately 3.0 million gross acres of developed and undeveloped lands. It is also involved in natural gas processing activities.

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