Seven Generations Energy Ltd (TSE:VII) insider Brian John Newmarch purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were purchased at an average cost of C$10.15 per share, with a total value of C$20,300.00.
Shares of VII stock traded up C$0.19 during trading on Thursday, reaching C$10.19. The company had a trading volume of 4,126,790 shares, compared to its average volume of 1,079,914. The company has a debt-to-equity ratio of 42.98, a current ratio of 0.69 and a quick ratio of 0.66. Seven Generations Energy Ltd has a one year low of C$9.69 and a one year high of C$19.40.
VII has been the topic of a number of recent analyst reports. National Bank Financial cut their price objective on Seven Generations Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, August 3rd. Eight Capital raised their price objective on Seven Generations Energy from C$18.50 to C$22.50 in a research note on Thursday, November 1st. BMO Capital Markets cut their price objective on Seven Generations Energy from C$21.50 to C$20.00 in a research note on Tuesday, October 9th. CIBC cut their price objective on Seven Generations Energy from C$22.00 to C$20.00 in a research note on Thursday, November 22nd. Finally, TD Securities raised Seven Generations Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from C$18.00 to C$19.00 in a research note on Friday, August 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$22.38.
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About Seven Generations Energy
Seven Generations Energy Ltd., an independent energy company, focuses on the acquisition, exploration, development, and production of condensate and natural gas properties in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 500,000 net acres located in the Kakwa area of northwest Alberta.
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