Zacks Research Downgrades Prio (OTCMKTS:PTRRY) to Strong Sell

Prio (OTCMKTS:PTRRY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Prio Stock Up 1.4%

Shares of OTCMKTS PTRRY opened at C$11.97 on Thursday. The business has a fifty day moving average price of C$11.44 and a two-hundred day moving average price of C$11.54. Prio has a fifty-two week low of C$6.52 and a fifty-two week high of C$14.37.

About Prio

Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.