Santos (OTCMKTS:SSLZY) Stock Price Down 0.5% – Here’s What Happened

Santos Limited (OTCMKTS:SSLZY) shares traded down 0.5% on Monday . The company traded as low as $4.29 and last traded at $4.31. 67,957 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 220,829 shares. The stock had previously closed at $4.33.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Santos to a “hold” rating in a research note on Sunday, October 12th. Royal Bank Of Canada downgraded Santos from an “outperform” rating to a “sector perform” rating in a research report on Friday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Santos presently has an average rating of “Hold”.

Santos Price Performance

The stock has a fifty day simple moving average of $4.26 and a two-hundred day simple moving average of $4.68.

About Santos

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also holds an asset in Alaska, the United States; and engages in the development of decarbonization technologies, such as carbon capture and storage technologies.