Strathcona Resources Ltd. (OTCMKTS:BKBEF – Get Free Report) was down 2.6% during mid-day trading on Friday . The company traded as low as $1.3680 and last traded at $1.3740. Approximately 83,600 shares traded hands during trading, an increase of 118% from the average session volume of 38,292 shares. The stock had previously closed at $1.41.
Strathcona Resources Price Performance
The company’s fifty day moving average is $1.37 and its 200-day moving average is $1.37.
About Strathcona Resources
Strathcona Resources Ltd. is a Calgary-based energy company engaged in the exploration, development and production of light crude oil and natural gas liquids in western Canada. The company focuses on conventional and unconventional plays across Alberta and Saskatchewan, applying horizontal drilling and multi-stage hydraulic fracturing to optimize recovery from its asset base. Production is marketed under both term and spot arrangements to major refineries in Canada and the northern United States.
Strathcona holds interests in several core areas, including liquids-rich natural gas formations and light oil reservoirs.
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