Shares of Strathcona Resources Ltd. (OTCMKTS:BKBEF – Get Free Report) dropped 2.6% during trading on Friday. The stock traded as low as $1.3680 and last traded at $1.3740. Approximately 83,600 shares were traded during mid-day trading, an increase of 118% from the average session volume of 38,292 shares. The stock had previously closed at $1.41.
Strathcona Resources Stock Down 2.6%
The business has a fifty day moving average of $1.37 and a 200 day moving average of $1.37.
Strathcona Resources Company Profile
Strathcona Resources Ltd. is a Canadian oil and gas company focused on the development, production and processing of heavy oil, thermal oil and other crude oil resources. Its operations include oil sands and conventional production assets, with an emphasis on long-life, low-decline resource projects.
The company’s primary operating areas are located in Western Canada, including the Cold Lake and Lloydminster regions of Alberta and Saskatchewan. Its activities span resource development, drilling, production, field operations and related processing infrastructure, and its products are supplied to Canadian and broader North American energy markets.
Strathcona was established in 2017 and has expanded through acquisitions and the consolidation of Canadian oil and gas assets.
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