Prio (OTCMKTS:PTRRY) Trading Down 7.3% – Time to Sell?

Prio S.A. (OTCMKTS:PTRRY)’s stock price was down 7.3% during trading on Tuesday . The company traded as low as C$12.83 and last traded at C$12.86. Approximately 21,925 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 99,590 shares. The stock had previously closed at C$13.87.

Prio Stock Performance

The company’s 50-day moving average price is C$10.95 and its two-hundred day moving average price is C$8.60.

Prio Company Profile

Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.