Topaz Energy (OTCMKTS:TPZEF) Shares Up 1.1%

Shares of Topaz Energy Corp. (OTCMKTS:TPZEF – Get Rating) shot up 1.1% during trading on Tuesday . The company traded as high as $15.44 and last traded at $15.42. 1,401 shares changed hands during trading, a decline of 67% from the average session volume of 4,284 shares. The stock had previously closed at $15.25.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Securities increased their price target on shares of Topaz Energy from C$22.00 to C$23.00 in a research report on Tuesday, May 2nd. CIBC reduced their price objective on Topaz Energy from C$27.00 to C$25.00 in a research report on Friday, April 14th. Finally, Royal Bank of Canada reduced their target price on Topaz Energy from C$30.00 to C$28.00 in a research report on Wednesday, March 1st.

Topaz Energy Price Performance

The business has a 50 day moving average price of $14.24 and a 200 day moving average price of $15.17.

Topaz Energy Company Profile

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Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.