Shares of Prio S.A. (OTCMKTS:PTRRY – Get Free Report) reached a new 52-week high on Thursday. The stock traded as high as C$14.43 and last traded at C$14.43, with a volume of 7,030 shares traded. The stock had previously closed at C$14.29.
Analyst Ratings Changes
Separately, Zacks Research cut Prio from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Prio currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on Prio
Prio Price Performance
The stock has a 50 day moving average of C$12.46 and a 200 day moving average of C$12.21.
Prio Company Profile
Prio SA, formerly known as PetroRio, is an independent Brazilian oil and gas company focused on the exploration, production and development of offshore hydrocarbon assets. The company’s strategy centers on acquiring and redeveloping producing or mature fields, applying operational improvements and enhanced-recovery techniques to extend their productive lives.
Prio’s activities are concentrated in Brazil, particularly in the country’s offshore basins. Its portfolio has included producing fields and related infrastructure in the Campos Basin, such as the Frade, Polvo and Tubarão Martelo fields, as well as development projects including Wahoo.
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