Shares of Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) rose 1.9% during trading on Tuesday . The company traded as high as $8.83 and last traded at $8.8050. Approximately 70,277 shares were traded during trading, a decline of 69% from the average session volume of 226,320 shares. The stock had previously closed at $8.64.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Cardinal Energy in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cardinal Energy currently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on CRLFF
Cardinal Energy Trading Up 1.9%
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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