PetroTal Corp. (OTCMKTS:PTALF) shares rose 6% during trading on Tuesday . The company traded as high as $0.22 and last traded at $0.21. Approximately 72,955 shares changed hands during trading, an increase of 13% from the average daily volume of 64,696 shares. The stock had previously closed at $0.20.
Separately, Stifel Nicolaus initiated coverage on PetroTal in a research report on Friday, February 26th. They set a “buy” rating for the company.
The firm’s 50-day moving average is $0.24.
About PetroTal (OTCMKTS:PTALF)
PetroTal Corp. engages in the exploration, appraisal, and development of crude oil and natural gas in Peru, South America. Its primary property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp.
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