Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report)’s stock price shot up 1.3% on Tuesday . The stock traded as high as $8.24 and last traded at $8.22. 130,379 shares traded hands during trading, a decline of 29% from the average session volume of 184,431 shares. The stock had previously closed at $8.1150.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Cardinal Energy in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
View Our Latest Report on CRLFF
Cardinal Energy Trading Up 1.3%
About Cardinal Energy
Cardinal Energy Ltd. (OTCMKTS: CRLFF) is a Canada-based upstream oil and gas company focused on the exploration, development and production of conventional hydrocarbon resources in Western Canada. Founded in 2009 and headquartered in Calgary, Alberta, Cardinal Energy targets mature resource plays in Alberta and Saskatchewan, with a core asset base in the Cardium and Mannville formations as well as shallow natural gas zones.
The company pursues a disciplined growth strategy grounded in low-cost drilling, optimized well design and efficient operations.
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