Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.21 and traded as low as $3.15. Tamarack Valley Energy shares last traded at $3.17, with a volume of 5,822 shares changing hands.
Wall Street Analyst Weigh In
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 target for the company.
Read Our Latest Analysis on Tamarack Valley Energy
Tamarack Valley Energy Stock Performance
About Tamarack Valley Energy
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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