PrairieSky Royalty (OTCMKTS:PREKF) Shares Cross Below 50 Day Moving Average – Here’s Why

PrairieSky Royalty Ltd. (OTCMKTS:PREKFGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.26 and traded as low as $20.00. PrairieSky Royalty shares last traded at $20.11, with a volume of 29,009 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James began coverage on PrairieSky Royalty in a research note on Friday, October 18th. They issued a “market perform” rating and a $33.00 target price for the company.

Get Our Latest Analysis on PrairieSky Royalty

PrairieSky Royalty Stock Performance

The stock has a 50 day simple moving average of $20.26 and a 200-day simple moving average of $19.79.

PrairieSky Royalty Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for PrairieSky Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty and related companies with MarketBeat.com's FREE daily email newsletter.