Newalta (NAL) Trading 3.5% Higher
Newalta Co. (TSE:NAL)’s share price traded up 3.5% on Monday . The company traded as high as C$1.17 and last traded at C$1.17. 303,414 shares were traded during mid-day trading, an increase of 38% from the average session volume of 220,661 shares. The stock had previously closed at C$1.13.
A number of equities analysts have recently weighed in on the stock. National Bank Financial dropped their price target on shares of Newalta from C$1.75 to C$1.15 and set a “sector perform” rating on the stock in a research note on Thursday, November 2nd. TD Securities reaffirmed a “hold” rating and issued a C$1.00 price target on shares of Newalta in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$1.51.
The stock has a market capitalization of $103.13, a P/E ratio of -0.93 and a beta of 0.62.
Newalta Company Profile
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.
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