PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report)’s share price traded up 0% during trading on Monday. The company traded as high as $24.70 and last traded at $24.4490. 68,981 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 44,894 shares. The stock had previously closed at $24.4420.
Analyst Upgrades and Downgrades
Several brokerages have commented on PREKF. Raymond James Financial restated a “market perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, September 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday, October 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of PrairieSky Royalty in a research note on Friday, October 9th. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Monday, October 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, PrairieSky Royalty currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on PREKF
PrairieSky Royalty Price Performance
The stock has a fifty day moving average price of $25.04 and a two-hundred day moving average price of $24.04.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canadian mineral-rights and royalty company focused primarily on oil and natural gas interests in Alberta. The company owns extensive fee-simple mineral title and leases those rights to exploration and production companies, which develop and operate the underlying properties. PrairieSky generates revenue through petroleum and natural gas royalties, lease rentals, lease bonuses, and other payments associated with its mineral lands. Because third-party operators generally fund and conduct exploration, drilling, and production activities, PrairieSky’s business model is focused on managing its land and royalty interests rather than directly operating wells.
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