International Petroleum (OTCMKTS:IPCFF) Stock Price Down 1.3% – Here’s What Happened

International Petroleum Co. (OTCMKTS:IPCFF)’s stock price fell 1.3% during mid-day trading on Monday . The stock traded as low as $19.75 and last traded at $19.75. 6,413 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 10,389 shares. The stock had previously closed at $20.00.

Wall Street Analysts Forecast Growth

IPCFF has been the subject of a number of research analyst reports. Royal Bank Of Canada began coverage on shares of International Petroleum in a research report on Tuesday, September 2nd. They set a “sector perform” rating for the company. Scotiabank reiterated a “sector perform” rating on shares of International Petroleum in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

International Petroleum Stock Down 1.3%

The company has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $16.92.

International Petroleum Company Profile

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.