PetroTal Corp. (OTCMKTS:PTALF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 300 shares, a decrease of 94.9% from the March 15th total of 5,900 shares. Based on an average daily trading volume, of 122,400 shares, the days-to-cover ratio is presently 0.0 days.
Separately, Stifel Nicolaus assumed coverage on PetroTal in a research report on Friday, February 26th. They set a “buy” rating on the stock.
PTALF stock traded down $0.01 during trading on Tuesday, reaching $0.22. 40,434 shares of the company traded hands, compared to its average volume of 67,580. PetroTal has a 12 month low of $0.08 and a 12 month high of $0.27. The company’s 50 day moving average price is $0.25.
PetroTal Corp. engages in the exploration, appraisal, and development of crude oil and natural gas in Peru, South America. Its primary property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp.
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