Tamarack Valley Energy (OTCMKTS:TNEYF) Trading 0.8% Higher – Still a Buy?

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Free Report) shares rose 0.8% during trading on Friday . The company traded as high as $3.30 and last traded at $3.30. Approximately 7,217 shares were traded during trading, a decline of 93% from the average daily volume of 105,504 shares. The stock had previously closed at $3.27.

Analyst Upgrades and Downgrades

Separately, Raymond James started coverage on Tamarack Valley Energy in a research note on Friday, October 18th. They issued a “market perform” rating and a $5.00 price target on the stock.

Get Our Latest Stock Report on Tamarack Valley Energy

Tamarack Valley Energy Stock Up 0.8 %

The stock’s 50 day simple moving average is $3.01 and its two-hundred day simple moving average is $2.85.

Tamarack Valley Energy Company Profile

(Get Free Report)

Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Its oil and natural gas properties are the Cardium, Clearwater, Charlie Lake, and Enhanced Oil Recovery assets located in the province of Alberta, Canada.

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