CIBC restated their buy rating on shares of Athabasca Oil (OTCMKTS:ATHOF) in a research note issued to investors on Thursday morning, reports.

Separately, Royal Bank of Canada lowered shares of Athabasca Oil to a sell rating and set a $0.60 price target for the company. in a research note on Friday, October 18th.

Shares of ATHOF traded down $0.02 during mid-day trading on Thursday, hitting $0.31. The company had a trading volume of 10,100 shares, compared to its average volume of 123,489. The business’s 50-day simple moving average is $0.41 and its 200-day simple moving average is $0.53. Athabasca Oil has a 1-year low of $0.31 and a 1-year high of $0.89.

Athabasca Oil Company Profile

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.

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