PrairieSky Royalty (OTCMKTS:PREKF) Shares Cross Below 50 Day Moving Average – Should You Sell?

PrairieSky Royalty Ltd. (OTCMKTS:PREKFGet Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.46 and traded as low as $19.40. PrairieSky Royalty shares last traded at $19.48, with a volume of 1,849 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James initiated coverage on shares of PrairieSky Royalty in a report on Friday, October 18th. They issued a “market perform” rating and a $33.00 target price on the stock.

Get Our Latest Research Report on PrairieSky Royalty

PrairieSky Royalty Stock Performance

The business’s 50 day simple moving average is $20.46 and its 200 day simple moving average is $20.12.

About PrairieSky Royalty

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PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.

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