Tamarack Valley Energy (OTCMKTS:TNEYF) Trading Down 3.8% – Here’s Why

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Free Report)’s stock price traded down 3.8% during trading on Thursday . The company traded as low as $3.28 and last traded at $3.29. 18,793 shares were traded during mid-day trading, a decline of 81% from the average session volume of 100,539 shares. The stock had previously closed at $3.42.

Analyst Upgrades and Downgrades

Separately, Raymond James initiated coverage on shares of Tamarack Valley Energy in a research report on Friday, October 18th. They set a “market perform” rating and a $5.00 price objective for the company.

Read Our Latest Stock Analysis on TNEYF

Tamarack Valley Energy Stock Performance

The stock’s 50-day moving average is $3.19 and its 200-day moving average is $3.00.

Tamarack Valley Energy Company Profile

(Get Free Report)

Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Its oil and natural gas properties are the Cardium, Clearwater, Charlie Lake, and Enhanced Oil Recovery assets located in the province of Alberta, Canada.

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