Peyto Exploration & Development (OTCMKTS:PEYUF) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Peyto Exploration & Development Corp. (OTCMKTS:PEYUFGet Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.88 and traded as low as $17.06. Peyto Exploration & Development shares last traded at $17.32, with a volume of 104,833 shares changing hands.

Peyto Exploration & Development Stock Up 0.2%

The firm’s 50 day simple moving average is $17.90 and its two-hundred day simple moving average is $18.36.

About Peyto Exploration & Development

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Peyto Exploration & Development Corp. is a Calgary-based Canadian energy company engaged in the exploration, development and production of natural gas and natural gas liquids. The company focuses on exploiting liquids-rich natural gas opportunities in the Deep Basin and Brazeau areas of west central Alberta. Peyto’s integrated business model encompasses land acquisition, well planning, drilling, completion and production operations, supported by in-house technical, engineering and operations teams.

Since its incorporation in 1998, Peyto has concentrated its activities entirely within Alberta’s prolific Montney, Falher and Notikewin formations.

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