Cardinal Energy (OTCMKTS:CRLFF) Stock Price Down 5.9%

Cardinal Energy Ltd. (OTCMKTS:CRLFFGet Rating)’s stock price was down 5.9% during trading on Monday . The stock traded as low as $5.81 and last traded at $6.01. Approximately 83,100 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 63,256 shares. The stock had previously closed at $6.39.

Several equities analysts recently commented on CRLFF shares. Stifel Nicolaus increased their target price on Cardinal Energy from C$9.25 to C$11.00 in a report on Monday, May 16th. Raymond James raised Cardinal Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 16th.

The firm’s 50 day moving average price is $6.31 and its two-hundred day moving average price is $5.16.

Cardinal Energy Company Profile (OTCMKTS:CRLFF)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.

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