Inter Pipeline (OTCMKTS:IPPLF) Shares Up 1.5% – Here’s Why

Inter Pipeline Ltd. (OTCMKTS:IPPLF – Get Free Report) shot up 1.5% during trading on Tuesday. The company traded as high as $15.47 and last traded at $15.47. 2,100 shares were traded during trading, a decline of 82% from the average session volume of 11,523 shares. The stock had previously closed at $15.24.

Inter Pipeline Stock Up 1.5%

The firm’s fifty day moving average is $15.47 and its two-hundred day moving average is $15.47.

About Inter Pipeline

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Inter Pipeline was a Canadian energy infrastructure company headquartered in Calgary, Alberta. Before its acquisition by Brookfield Infrastructure Partners in 2021, the company owned and operated a network of pipelines, storage facilities and processing assets serving the oil-producing regions of Western Canada.

Its principal activities included transporting and storing oil sands bitumen and other hydrocarbons, gathering conventional oil and natural gas liquids, and extracting and fractionating natural gas liquids such as propane and butane.

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