Newalta Co. (TSE:NAL) traded down 0% during trading on Tuesday . The stock traded as low as C$0.83 and last traded at C$0.77. 443,876 shares were traded during mid-day trading, an increase of 141% from the average session volume of 184,311 shares. The stock had previously closed at C$0.77.

Several equities research analysts recently commented on the stock. National Bank Financial reduced their price target on shares of Newalta from C$1.75 to C$1.15 and set a “sector perform” rating for the company in a research report on Thursday, November 2nd. TD Securities reiterated a “hold” rating and issued a C$1.00 price objective on shares of Newalta in a research note on Tuesday, October 3rd. Scotiabank dropped their price objective on shares of Newalta from C$2.25 to C$2.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Finally, Canaccord Genuity dropped their price objective on shares of Newalta from C$3.00 to C$1.90 and set a “speculative buy” rating on the stock in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$1.51.

In related news, Director Gordon E. Pridham acquired 50,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of C$1.12 per share, for a total transaction of C$56,000.00.

COPYRIGHT VIOLATION WARNING: “Newalta Co. (NAL) Trading Down 0%” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at

About Newalta

Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.

Receive News & Ratings for Newalta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newalta Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.