Prio (OTCMKTS:PTRRY) Stock Jumps 0.5% – Should You Buy?

Prio S.A. (OTCMKTS:PTRRY)’s stock price traded up 0.5% on Wednesday. The company traded as high as C$12.58 and last traded at C$12.47. Approximately 11,920 shares were traded during trading, a decline of 18% from the average daily volume of 14,489 shares. The stock had previously closed at C$12.41.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Prio from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Prio Stock Performance

The firm has a fifty day simple moving average of C$12.00 and a two-hundred day simple moving average of C$12.17.

About Prio

PRIO SA, formerly known as PetroRio, is an independent Brazilian oil and gas company focused on the acquisition, redevelopment and operation of mature offshore oil fields. The company seeks to increase production and extend the productive life of existing assets through operational improvements, technology, cost management and enhanced oil recovery techniques.

PRIO’s activities include exploration, field development, drilling, crude oil production and the sale of petroleum. Its portfolio has primarily consisted of offshore assets in Brazil, particularly in the Campos Basin, where the company has operated and developed mature fields such as Polvo, Tubarão Martelo and Frade.