Petroleum Resources Corp. (PEO) Given New C$5.10 Price Target at Acumen Capital
Shares of Petroleum Resources Corp. (NYSE:PEO) opened at 19.87 on Thursday. The firm’s market capitalization is $558.19 million. Petroleum Resources Corp. has a 52 week low of $14.29 and a 52 week high of $21.63. The company’s 50-day moving average is $19.76 and its 200 day moving average is $19.42.
In related news, President James P. Haynie sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of C$19.55, for a total transaction of C$52,785.00. Following the completion of the transaction, the president now owns 10,458 shares of the company’s stock, valued at C$204,453.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.
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About Petroleum Resources Corp.
Adams Natural Resources Fund, Inc, formerly known as Petroleum & Resources Corporation, is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation.
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