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.

COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/newalta-nal-trading-3-5-higher/1798740.html.

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.

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