Topaz Energy Corp. (OTCMKTS:TPZEF – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $22.09 and traded as high as $22.2160. Topaz Energy shares last traded at $22.16, with a volume of 61,265 shares changing hands.
Analyst Ratings Changes
TPZEF has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Topaz Energy in a research note on Friday, July 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Topaz Energy in a research note on Friday, October 9th. Four analysts have rated the stock with a Buy rating. According to MarketBeat, Topaz Energy presently has an average rating of “Buy”.
Read Our Latest Report on TPZEF
Topaz Energy Trading Up 0.4%
The business has a fifty day moving average price of $21.68 and a 200 day moving average price of $22.12.
About Topaz Energy
Topaz Energy Corp. is a Canadian energy infrastructure and royalty company focused on generating revenue from long-life assets in the Western Canadian Sedimentary Basin. The company provides investors with exposure to oil and natural gas production without operating a conventional exploration and production business.
Topaz owns royalty interests in oil, natural gas and natural gas liquids properties, allowing it to receive a share of production revenues from underlying assets. It also owns interests in energy infrastructure, including natural gas processing and related midstream facilities, which support the transportation and processing of hydrocarbons produced in Western Canada.
The company’s portfolio is concentrated primarily in Alberta and British Columbia, where it partners with established energy producers and infrastructure operators.
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