Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.80 and traded as low as $8.46. Tamarack Valley Energy shares last traded at $8.50, with a volume of 358,965 shares traded.
Tamarack Valley Energy Stock Performance
The company’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $8.80.
About Tamarack Valley Energy
Tamarack Valley Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company develops and operates conventional and unconventional petroleum assets in the Western Canadian Sedimentary Basin.
Its operations are primarily focused on Alberta, with core development areas that include the Clearwater and Charlie Lake plays. Tamarack Valley produces light oil, condensate, natural gas liquids and natural gas, and uses horizontal drilling and multistage hydraulic fracturing to develop its resource holdings.
The company’s strategy emphasizes building production and reserves through drilling, acquisitions and operational improvements in established Western Canadian energy regions.
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