Raging River Exploration Inc (RRX) Insider Acquires C$15,416.00 in Stock
Raging River Exploration Inc (TSE:RRX) insider Chad Lundberg purchased 2,350 shares of Raging River Exploration stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of C$6.56 per share, with a total value of C$15,416.00.
Raging River Exploration Inc (RRX) traded down 4.37% during trading on Monday, reaching $6.56. 560,499 shares of the company traded hands. Raging River Exploration Inc has a 52 week low of $6.51 and a 52 week high of $11.87. The company’s 50-day moving average price is $7.75 and its 200 day moving average price is $8.44. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 25.53.
Several research firms recently weighed in on RRX. Canaccord Genuity lowered shares of Raging River Exploration from a “buy” rating to a “hold” rating and reduced their price target for the company from C$11.50 to C$10.00 in a research report on Tuesday, May 9th. TD Securities upgraded shares of Raging River Exploration from a “buy” rating to an “action list buy” rating and set a C$11.50 price target for the company in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reduced their price target on shares of Raging River Exploration from C$13.00 to C$10.00 in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Raging River Exploration presently has an average rating of “Buy” and a consensus price target of C$11.57.
About Raging River Exploration
Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.
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