Raging River Exploration Inc (RRX) Insider Bruce Michael Beynon Sells 12,000 Shares

Raging River Exploration Inc (TSE:RRX) insider Bruce Michael Beynon sold 12,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of C$8.22, for a total value of C$98,640.00.

Shares of Raging River Exploration Inc (TSE:RRX) traded down C$0.11 during trading hours on Friday, reaching C$8.19. The company’s stock had a trading volume of 964,452 shares, compared to its average volume of 1,300,785. The company has a market cap of $1,920.00, a P/E ratio of 32.76 and a beta of 0.40. Raging River Exploration Inc has a 52-week low of C$6.25 and a 52-week high of C$10.40.

Raging River Exploration (TSE:RRX) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.01).

A number of research analysts have issued reports on RRX shares. GMP Securities reduced their price objective on Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday, October 2nd. TD Securities upped their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the company an “action list buy” rating in a research note on Friday, November 10th. Eight Capital upped their price objective on Raging River Exploration from C$10.50 to C$13.15 and gave the company a “buy” rating in a research note on Monday. National Bank Financial upped their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Scotiabank restated an “outperform” rating and issued a C$11.00 price objective on shares of Raging River Exploration in a research note on Thursday, September 28th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$11.12.

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Raging River Exploration Company Profile

Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.

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