Shares of Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.15 and traded as high as $10.1180. Tamarack Valley Energy shares last traded at $9.97, with a volume of 482,993 shares traded.
Tamarack Valley Energy Price Performance
The business has a 50 day moving average price of $9.16 and a 200-day moving average price of $8.58.
Tamarack Valley Energy Company Profile
Tamarack Valley Energy Ltd. is a Calgary?based exploration and production company focused on upstream oil and natural gas operations in Western Canada. Established in 2013 through a spin-out from PetroShale, the company has built a diversified portfolio of light oil and liquids?rich natural gas assets. Its operations are concentrated in the Montney and Duvernay plays of Alberta’s Deep Basin as well as in key formations of northwestern Saskatchewan.
The company engages in the full cycle of oil and gas development, including seismic evaluation, drilling, completion and production optimization.
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