Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) shot up 1.9% on Tuesday . The company traded as high as $8.83 and last traded at $8.8050. 70,277 shares changed hands during trading, a decline of 69% from the average daily volume of 226,320 shares. The stock had previously closed at $8.64.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cardinal Energy in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Cardinal Energy presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Cardinal Energy
Cardinal Energy Trading Down 0.6%
About Cardinal Energy
Cardinal Energy Ltd. (OTCMKTS: CRLFF) is a Canada-based upstream oil and gas company focused on the exploration, development and production of conventional hydrocarbon resources in Western Canada. Founded in 2009 and headquartered in Calgary, Alberta, Cardinal Energy targets mature resource plays in Alberta and Saskatchewan, with a core asset base in the Cardium and Mannville formations as well as shallow natural gas zones.
The company pursues a disciplined growth strategy grounded in low-cost drilling, optimized well design and efficient operations.
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