Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Free Report)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $9.57 and traded as low as $9.3225. Tamarack Valley Energy shares last traded at $9.35, with a volume of 100,640 shares traded.
Tamarack Valley Energy Stock Performance
The business has a 50 day moving average of $9.57 and a 200-day moving average of $9.09.
About Tamarack Valley Energy
Tamarack Valley Energy Ltd. is a Canadian oil and natural gas exploration and production company focused on developing petroleum resources in Alberta. The company produces crude oil, natural gas and natural gas liquids for sale to Canadian and North American energy markets.
Tamarack’s operations are concentrated in several Alberta resource plays, including the Clearwater, Charlie Lake and Wilson Creek areas. Its activities include land acquisition, drilling, completion, production optimization and infrastructure development, with an emphasis on long-life, oil-weighted assets.
Founded in 2002, Tamarack Valley has expanded through both organic development and acquisitions, including its acquisition of Deltastream Energy in 2018.
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