Prio (OTCMKTS:PTRRY) Downgraded by Zacks Research to Strong Sell

Prio (OTCMKTS:PTRRY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Prio Stock Up 1.4%

Shares of Prio stock opened at C$11.97 on Thursday. The business has a fifty day simple moving average of C$11.44 and a two-hundred day simple moving average of C$11.54. Prio has a 1 year low of C$6.52 and a 1 year high of C$14.37.

Prio Company Profile

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.