Park Place Energy Inc (OTCMKTS:PKPL) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Park Place Energy (PKPL) traded down 0.66% during trading on Tuesday, reaching $0.15. The company’s stock had a trading volume of 3,000 shares. The stock’s market cap is $8.44 million. The firm has a 50 day moving average price of $0.19 and a 200-day moving average price of $0.23. Park Place Energy has a 52-week low of $0.09 and a 52-week high of $0.62.

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Park Place Energy Company Profile

Park Place Energy Inc is an energy company. The Company is engaged in exploration for oil and natural gas, primarily in the Dobrich region of northeast Bulgaria. The Company’s Vranino project is situated in close proximity to a gas pipeline in northeast Bulgaria. The Company intends to initially drill approximately five exploration wells.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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