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

Strathcona Resources Ltd. (OTCMKTS:BKBEF – Get Free Report) traded down 2.6% during mid-day trading on Thursday . The stock traded as low as $1.3680 and last traded at $1.3740. 83,600 shares changed hands 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 Price Performance

The company’s 50-day simple moving average is $1.37 and its 200-day simple moving average is $1.37.

Strathcona Resources Company Profile

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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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