Athabasca Oil Corp (TSE:ATH)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.56 and last traded at C$0.57, with a volume of 329760 shares. The stock had previously closed at C$0.58.
ATH has been the subject of a number of research analyst reports. CIBC reduced their target price on Athabasca Oil from C$1.50 to C$1.30 in a report on Thursday, July 18th. Raymond James reissued a “market perform” rating and issued a C$1.50 target price on shares of Athabasca Oil in a report on Thursday, August 1st. TD Securities reduced their target price on Athabasca Oil from C$1.15 to C$1.10 and set a “buy” rating for the company in a report on Thursday, August 1st. National Bank Financial cut their price objective on Athabasca Oil from C$1.65 to C$1.10 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Royal Bank of Canada cut their price objective on Athabasca Oil from C$1.15 to C$1.00 in a report on Thursday, July 18th.
The company has a quick ratio of 3.09, a current ratio of 3.51 and a debt-to-equity ratio of 46.89. The company has a market cap of $303.45 million and a P/E ratio of -1.54. The company has a fifty day moving average of C$0.66 and a 200 day moving average of C$0.83.
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.
Featured Article: Understanding debt-to-equity ratio in fundamental analysis
Receive News & Ratings for Athabasca Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil and related companies with MarketBeat.com's FREE daily email newsletter.