Athabasca Oil’s (ATHOF) Buy Rating Reiterated at CIBC
CIBC restated their buy rating on shares of Athabasca Oil (OTCMKTS:ATHOF) in a research note issued to investors on Thursday morning, AnalystRatings.com 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 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.
Recommended Story: What is a CD ladder?
Receive News & Ratings for Athabasca Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil and related companies with MarketBeat.com's FREE daily email newsletter.