Athabasca Oil (TSE:ATH) Hits New 12-Month Low at $0.56
Athabasca Oil Corp (TSE:ATH)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.56 and last traded at C$0.57, with a volume of 487754 shares traded. The stock had previously closed at C$0.59.
A number of research firms have weighed in on ATH. National Bank Financial cut their target price on shares of Athabasca Oil from C$1.65 to C$1.10 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. TD Securities dropped their price objective on shares of Athabasca Oil from C$1.15 to C$1.10 and set a “buy” rating on the stock in a report on Thursday, August 1st. CIBC dropped their price objective on shares of Athabasca Oil from C$1.50 to C$1.30 in a report on Thursday, July 18th. Royal Bank of Canada dropped their price objective on shares of Athabasca Oil from C$1.15 to C$1.00 in a report on Thursday, July 18th. Finally, Raymond James restated a “market perform” rating and set a C$1.50 price objective on shares of Athabasca Oil in a report on Thursday, August 1st.
The firm’s fifty day moving average price is C$0.69 and its 200-day moving average price is C$0.85. The company has a current ratio of 3.51, a quick ratio of 3.09 and a debt-to-equity ratio of 46.89. The company has a market cap of $308.68 million and a P/E ratio of -1.51.
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.
Further Reading: Return on Investment (ROI)
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