Storm Resources (SRX) Hits New 1-Year Low at $1.69
Storm Resources Ltd (TSE:SRX) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$1.69 and last traded at C$1.84, with a volume of 19200 shares. The stock had previously closed at C$1.91.
Several equities research analysts recently issued reports on the stock. Industrial Alliance Securities increased their target price on shares of Storm Resources from C$3.75 to C$4.50 in a report on Wednesday, August 15th. GMP Securities increased their target price on shares of Storm Resources from C$5.25 to C$5.75 in a report on Thursday, November 15th. Finally, Raymond James upped their price target on Storm Resources from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 15th.
The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 20.71.
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Storm Resources Ltd. acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in Canada. It primarily owns interests in lands covering approximately an area of 109,000 net acres in 155 net sections located in Umbach. Storm Resources Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
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