PrairieSky Royalty (OTCMKTS:PREKF) Trading 0.9% Higher – Still a Buy?

PrairieSky Royalty Ltd. (OTCMKTS:PREKFGet Free Report)’s stock price traded up 0.9% during trading on Monday . The company traded as high as $21.20 and last traded at $21.12. 20,538 shares were traded during trading, a decline of 20% from the average session volume of 25,615 shares. The stock had previously closed at $20.94.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on PREKF

PrairieSky Royalty Trading Up 0.9 %

The company’s 50-day simple moving average is $20.34 and its 200 day simple moving average is $19.84.

PrairieSky Royalty Company Profile

(Get Free Report)

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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