What Will Happen to Northern Blizzard Resources Inc Next? The Stock Just Declined A Lot


The stock of Northern Blizzard Resources Inc (TSE:NBZ) is a huge mover today! About 261,260 shares traded hands or 59.57% up from the average. Northern Blizzard Resources Inc (TSE:NBZ) has risen 11.75% since February 5, 2016 and is uptrending. It has underperformed by 4.74% the S&P500.
The move comes after 6 months negative chart setup for the $429.71M company. It was reported on Sep, 13 by Barchart.com. We have $3.37 PT which if reached, will make TSE:NBZ worth $42.97 million less.

Out of 6 analysts covering Northern Blizzard Resources (TSE:NBZ), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Northern Blizzard Resources has been the topic of 11 analyst reports since September 23, 2015 according to StockzIntelligence Inc.

Northern Blizzard Resources Inc. is a Canada crude oil production and development firm focused on maximizing oil recovery from its heavy oil resource base. The company has a market cap of $429.71 million. The Firm is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada. It currently has negative earnings. The Company’s properties include Cactus Lake, Winter, Court, Smiley, Coleville, Cuthbert, Thermal, Westhazel, Hearts Hill, Mantario and Senlac.

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