Tamarack Valley Energy (OTCMKTS:TNEYF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYFGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.19 and traded as high as $3.21. Tamarack Valley Energy shares last traded at $3.15, with a volume of 9,757 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James assumed coverage on Tamarack Valley Energy in a research report on Friday, October 18th. They issued a “market perform” rating and a $5.00 price target on the stock.

Get Our Latest Research Report on Tamarack Valley Energy

Tamarack Valley Energy Price Performance

The stock has a 50-day simple moving average of $3.19 and a 200-day simple moving average of $3.04.

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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