Whitecap Resources (OTCMKTS:SPGYF) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.79 and traded as low as $6.68. Whitecap Resources shares last traded at $6.79, with a volume of 1,253,043 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Desjardins raised Whitecap Resources from a “hold” rating to a “buy” rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on SPGYF

Whitecap Resources Trading Down 0.3%

The firm’s 50-day moving average price is $6.79 and its 200-day moving average price is $6.60.

Whitecap Resources Company Profile

(Get Free Report)

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.

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