Athabasca Oil (OTCMKTS:ATHOF) Shares Cross Below Fifty Day Moving Average – Time to Sell?

by · The Cerbat Gem

Athabasca Oil Co. (OTCMKTS:ATHOF – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.11 and traded as low as $5.02. Athabasca Oil shares last traded at $5.1760, with a volume of 503,863 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Securities reissued a “hold” rating on shares of Athabasca Oil in a research report on Thursday, October 30th. Scotiabank restated a “sector perform” rating on shares of Athabasca Oil in a research note on Thursday, October 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of Athabasca Oil in a report on Thursday, October 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Athabasca Oil in a report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil presently has an average rating of “Hold”.

Check Out Our Latest Analysis on Athabasca Oil

Athabasca Oil Stock Performance

The company’s 50 day simple moving average is $5.11 and its 200 day simple moving average is $4.57.

About Athabasca Oil

(Get Free Report)

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.

Further Reading