Athabasca Oil (OTCMKTS:ATHOF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Athabasca Oil Co. (OTCMKTS:ATHOF) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.71 and traded as low as $3.42. Athabasca Oil shares last traded at $3.46, with a volume of 266,951 shares changing hands.

Analyst Upgrades and Downgrades

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

Athabasca Oil Stock Up 0.9 %

The company has a 50 day simple moving average of $3.57 and a 200-day simple moving average of $3.71.

About Athabasca Oil

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.