Athabasca Oil (OTCMKTS:ATHOF) Stock Price Down 7.5% – Time to Sell?

Athabasca Oil Co. (OTCMKTS:ATHOF)’s share price dropped 7.5% during trading on Monday . The company traded as low as $4.66 and last traded at $4.80. Approximately 691,100 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 431,150 shares. The stock had previously closed at $5.19.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Athabasca Oil in a research note on Thursday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Athabasca Oil in a report on Friday, October 31st. Scotiabank reiterated a “sector perform” rating on shares of Athabasca Oil in a research note on Thursday, October 9th. Finally, TD Securities reissued a “hold” rating on shares of Athabasca Oil in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Athabasca Oil Price Performance

The business’s 50-day moving average is $5.21 and its two-hundred day moving average is $4.69.

About Athabasca Oil

Athabasca Oil Corporation, trading as ATHOF on the OTCMKTS, is a Canadian energy company focused on the exploration, development and production of heavy oil and bitumen resources. The company’s asset portfolio spans key regions in Western Canada, including the Peace River, Cold Lake and Lloydminster heavy oil plays, as well as select light oil and natural gas opportunities in emerging formations.

Through a vertically integrated operating model, Athabasca Oil manages activities from reservoir optimization and drilling to surface facility construction and bitumen handling.