The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 558,910 shares traded hands or 35.56% up from the average. Cardinal Energy Ltd (TSE:CJ) has risen 24.05% since February 5, 2016 and is uptrending. It has outperformed by 7.56% the S&P500.
The move comes after 6 months negative chart setup for the $563.90M company. It was reported on Sep, 13 by Barchart.com. We have $7.17 PT which if reached, will make TSE:CJ worth $45.11 million less.
Out of 2 analysts covering Cardinal Energy (TSE:CJ), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cardinal Energy has been the topic of 7 analyst reports since October 7, 2015 according to StockzIntelligence Inc.
Cardinal Energy Ltd. is a Canada-based oil-focused company. The company has a market cap of $563.90 million. The Firm is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. It currently has negative earnings. The Company’s Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.
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