Prio (OTCMKTS:PTRRY) Shares Down 1.7% – Here’s Why

Prio S.A. (OTCMKTS:PTRRY) shares were down 1.7% during mid-day trading on Monday . The company traded as low as C$12.31 and last traded at C$12.34. Approximately 5,281 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 10,792 shares. The stock had previously closed at C$12.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Prio from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Prio presently has a consensus rating of “Sell”.

Prio Trading Down 1.7%

The company’s fifty day simple moving average is C$11.71 and its two-hundred day simple moving average is C$12.08.

About Prio

Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.