Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) dropped 3.4% during trading on Friday . The company traded as low as $8.2980 and last traded at $8.30. Approximately 39,882 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 51,001 shares. The stock had previously closed at $8.59.
Analyst Ratings Changes
Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Cardinal Energy in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cardinal Energy has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on CRLFF
Cardinal Energy Stock Down 3.4%
Cardinal Energy Company Profile
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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