Seven Generations Energy (TSE:VII) Stock Crosses Above 50-Day Moving Average of $7.11
Seven Generations Energy Ltd (TSE:VII) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.11 and traded as high as $8.57. Seven Generations Energy shares last traded at $8.56, with a volume of 423,536 shares changing hands.
A number of analysts recently issued reports on VII shares. CSFB reaffirmed an “outperform” rating and issued a C$12.00 target price on shares of Seven Generations Energy in a research report on Tuesday, July 16th. TD Securities lifted their target price on Seven Generations Energy from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, August 1st. GMP Securities lowered their target price on Seven Generations Energy from C$16.00 to C$13.50 in a research report on Friday, June 28th. CIBC lowered their target price on Seven Generations Energy from C$15.00 to C$11.00 in a research report on Thursday, July 18th. Finally, Eight Capital raised Seven Generations Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$10.00 to C$13.00 in a research report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, Seven Generations Energy has an average rating of “Buy” and an average price target of C$13.55.
The company has a debt-to-equity ratio of 40.00, a current ratio of 0.80 and a quick ratio of 0.68. The business has a 50-day moving average of C$7.15 and a 200-day moving average of C$8.21. The firm has a market cap of $2.88 billion and a price-to-earnings ratio of 4.15.
About Seven Generations Energy (TSE:VII)
Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.
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