Shares of Prio S.A. (OTCMKTS:PTRRY – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$12.61 and traded as low as C$12.26. Prio shares last traded at C$12.26, with a volume of 55,983 shares.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Prio from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on PTRRY
Prio Stock Down 8.8%
The stock’s 50 day moving average price is C$12.61 and its 200 day moving average price is C$11.89.
About Prio
Prio SA, formerly known as PetroRio, is an independent Brazilian oil and gas company focused on the exploration, production and development of offshore hydrocarbon assets. The company’s strategy centers on acquiring and redeveloping producing or mature fields, applying operational improvements and enhanced-recovery techniques to extend their productive lives.
Prio’s activities are concentrated in Brazil, particularly in the country’s offshore basins. Its portfolio has included producing fields and related infrastructure in the Campos Basin, such as the Frade, Polvo and Tubarão Martelo fields, as well as development projects including Wahoo.
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