Athabasca Oil (OTCMKTS:ATHOF) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Athabasca Oil Co. (OTCMKTS:ATHOF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.65 and traded as high as $3.70. Athabasca Oil shares last traded at $3.68, with a volume of 172,511 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James initiated coverage on Athabasca Oil in a research report on Friday, October 18th. They issued a “market perform” rating and a $5.50 target price on the stock.

Athabasca Oil Stock Up 0.8 %

The stock’s 50-day moving average price is $3.65 and its 200 day moving average price is $3.76.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.