Topaz Energy (OTCMKTS:TPZEF) Shares Up 1.6% – Here’s What Happened

Shares of Topaz Energy Corp. (OTCMKTS:TPZEF) were up 1.6% during mid-day trading on Monday . The stock traded as high as $21.8860 and last traded at $21.8860. Approximately 250,379 shares traded hands during mid-day trading, an increase of 315% from the average daily volume of 60,398 shares. The stock had previously closed at $21.5435.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Topaz Energy in a research note on Tuesday, July 28th. Scotiabank reaffirmed an “outperform” rating on shares of Topaz Energy in a research note on Friday, July 17th. Roth Capital assumed coverage on Topaz Energy in a report on Tuesday, June 30th. They set a “buy” rating on the stock. Finally, TD Securities reiterated a “buy” rating on shares of Topaz Energy in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Topaz Energy Trading Up 0.3%

The company has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $22.36.

Topaz Energy Company Profile

Topaz Energy (OTCMKTS:TPZEF) is a global provider of marine support and logistics services to the offshore oil and gas industry. The company specializes in operating a modern fleet of offshore support vessels designed to meet the operational needs of exploration, development and production activities. Its services encompass anchor handling, towing, platform supply, subsea support and emergency response, addressing critical requirements for safety, efficiency and environmental compliance.

Topaz Energy’s fleet includes anchor handling tug supply (AHTS) vessels, platform supply vessels (PSVs), subsea support vessels (SSVs) and multipurpose utility vessels.