TORC Oil & Gas (OTCMKTS:VREYF) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of TORC Oil & Gas Ltd. (OTCMKTS:VREYF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.48 and traded as high as $2.5439. TORC Oil & Gas shares last traded at $2.48, with a volume of 17,000 shares.

TORC Oil & Gas Stock Down 7.1%

The firm’s 50 day moving average is $2.48 and its 200-day moving average is $2.48.

TORC Oil & Gas Company Profile

TORC Oil & Gas Ltd. was a Canada-based exploration and production company focused on the acquisition, development and production of crude oil and natural gas properties in Western Canada. The company’s core activities centered on light oil assets in the Viking formation within the Williston Basin, with major operations in west-central Saskatchewan and parts of Alberta. Using horizontal drilling paired with multi-stage fracturing techniques, TORC pursued efficient, capital-disciplined development of its resource base while emphasizing operational performance and environmental stewardship.

In its pursuit of sustainable growth, TORC implemented pad drilling to optimize well spacing and minimize surface disturbance, alongside enhanced completion techniques designed to reduce greenhouse gas emissions and water usage.