PrairieSky Royalty (OTCMKTS:PREKF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

PrairieSky Royalty Ltd. (OTCMKTS:PREKF)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.15 and traded as high as $19.40. PrairieSky Royalty shares last traded at $19.40, with a volume of 41,221 shares changing hands.

Analyst Upgrades and Downgrades

PREKF has been the topic of several recent research reports. TD Securities reaffirmed a “buy” rating on shares of PrairieSky Royalty in a report on Tuesday, September 30th. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Thursday, October 9th. Raymond James Financial restated a “market perform” rating on shares of PrairieSky Royalty in a research report on Tuesday, July 15th. National Bankshares reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Tuesday, July 15th. Finally, CIBC reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, PrairieSky Royalty has a consensus rating of “Hold”.

PrairieSky Royalty Price Performance

The company has a 50 day simple moving average of $18.15 and a 200-day simple moving average of $17.54.

About PrairieSky Royalty

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.