PrairieSky Royalty (OTCMKTS:PREKF) Shares Down 2.4% – Here’s Why

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKFGet Free Report) were down 2.4% during trading on Friday . The company traded as low as $16.92 and last traded at $16.92. Approximately 8,032 shares changed hands during trading, a decline of 50% from the average daily volume of 15,985 shares. The stock had previously closed at $17.33.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PREKF shares. National Bankshares restated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Tuesday, July 15th. Raymond James Financial reissued a “market perform” rating on shares of PrairieSky Royalty in a report on Tuesday, July 15th.

Read Our Latest Report on PREKF

PrairieSky Royalty Stock Down 2.4%

The firm has a fifty day moving average of $17.30 and a two-hundred day moving average of $17.71.

About PrairieSky Royalty

(Get Free Report)

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.

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