Shares of Prio S.A. (OTCMKTS:PTRRY – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$12.61 and traded as low as C$12.26. Prio shares last traded at C$12.26, with a volume of 55,983 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Prio from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Prio currently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on PTRRY
Prio Stock Performance
The business’s 50-day moving average price is C$12.61 and its two-hundred day moving average price is C$11.89.
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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