FAR (OTCMKTS:FARYF) Downgraded by Canaccord Genuity Group to “Sell”

Canaccord Genuity Group downgraded shares of FAR (OTCMKTS:FARYF – Get Rating) from a hold rating to a sell rating in a report released on Thursday, The Fly reports. They currently have 0.66 price target on the stock, up from their prior price target of 0.41.

Shares of FARYF stock opened at $0.55 on Thursday. The stock has a 50 day simple moving average of $0.56 and a two-hundred day simple moving average of $0.49. FAR has a fifty-two week low of $0.02 and a fifty-two week high of $11.00.

About FAR (Get Rating)

FAR Limited operates as an oil and gas exploration and development company with primary assets in West Africa and Australia. The company holds a portfolio of exploration licenses in the Gambia and the Guinea-Bissau projects. It also holds a petroleum exploration permit in Western Australia. The company was formerly known as First Australian Resources NL and changed its name to FAR Limited in 2010.

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