Athabasca Oil (OTCMKTS:ATHOF) Lowered to “Sell” at Royal Bank of Canada

Royal Bank of Canada lowered shares of Athabasca Oil (OTCMKTS:ATHOF) to a sell rating in a research note released on Friday, TipRanks reports. Royal Bank of Canada currently has $0.60 price objective on the stock.

Separately, CIBC started coverage on Athabasca Oil in a research report on Sunday, August 4th. They set a buy rating and a $1.30 price target on the stock.

ATHOF traded down $0.03 on Friday, hitting $0.38. 45,400 shares of the company were exchanged, compared to its average volume of 130,087. The firm has a fifty day simple moving average of $0.47 and a two-hundred day simple moving average of $0.57. Athabasca Oil has a 12 month low of $0.38 and a 12 month high of $1.16.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.

Read More: Growth Stocks

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