Prio (OTCMKTS:PTRRY) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Prio (OTCMKTS:PTRRY) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

Prio Price Performance

PTRRY stock opened at C$11.97 on Thursday. The stock’s fifty day simple moving average is C$11.44 and its two-hundred day simple moving average is C$11.54. Prio has a 1-year low of C$6.52 and a 1-year high of C$14.37.

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.