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Manitok Energy (NASDAQ:MKRYF) was downgraded by equities research analysts at Dundee Securities from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday.

Separately, analysts at National Bank Financial cut their price target on shares of Manitok Energy from C$3.50 to C$3.25 in a research note on Friday. They now have an “outperform” rating on the stock.

Manitok Energy (NASDAQ:MKRYF) traded down 17.18% during mid-day trading on Friday, hitting $2.1214. The stock had a trading volume of 84,933 shares. Manitok Energy has a 52-week low of $1.90 and a 52-week high of $3.18. The stock has a 50-day moving average of $2.54 and a 200-day moving average of $2.33. The company has a market cap of $149.1 million and a price-to-earnings ratio of 50.23.

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