Saturn Oil & Gas Inc. (OTCMKTS:SAEUF – Get Rating)’s share price dropped 7.8% during mid-day trading on Friday . The company traded as low as 1.98 and last traded at 2.00. Approximately 30,500 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 20,322 shares. The stock had previously closed at 2.17.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group initiated coverage on shares of Saturn Oil & Gas in a report on Thursday, August 25th. They issued a “buy” rating and a C$7.00 price target on the stock.
Saturn Oil & Gas Trading Down 0.5 %
The business has a fifty day simple moving average of 1.98.
About Saturn Oil & Gas
Saturn Oil & Gas Inc engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada. It is involved in the exploration, development, and production of light oil assets in the Oxbow area of Southeast Saskatchewan, as well as Viking light oil assets and Success heavy oil assets in West-Central Saskatchewan.
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