Strathcona Resources (OTCMKTS:BKBEF) Stock Price Down 2.6% – Here’s Why

by · The Cerbat Gem

Strathcona Resources Ltd. (OTCMKTS:BKBEF – Get Free Report) shares fell 2.6% during trading on Friday . The company traded as low as $1.3680 and last traded at $1.3740. Approximately 83,600 shares were traded during mid-day trading, an increase of 118% from the average session volume of 38,292 shares. The stock had previously closed at $1.41.

Strathcona Resources Trading Down 2.6%

The company has a fifty day moving average of $1.37 and a two-hundred day moving average of $1.37.

About Strathcona Resources

(Get Free Report)

Strathcona Resources Ltd. is a Calgary-based energy company engaged in the exploration, development and production of light crude oil and natural gas liquids in western Canada. The company focuses on conventional and unconventional plays across Alberta and Saskatchewan, applying horizontal drilling and multi-stage hydraulic fracturing to optimize recovery from its asset base. Production is marketed under both term and spot arrangements to major refineries in Canada and the northern United States.

Strathcona holds interests in several core areas, including liquids-rich natural gas formations and light oil reservoirs.

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