Prio (OTCMKTS:PTRRY) Shares Down 7.3% – What’s Next?

Prio S.A. (OTCMKTS:PTRRY)’s share price traded down 7.3% during mid-day trading on Tuesday . The company traded as low as C$12.83 and last traded at C$12.86. 21,925 shares traded hands during trading, a decline of 78% from the average session volume of 99,590 shares. The stock had previously closed at C$13.87.

Prio Trading Down 7.3%

The firm’s 50-day moving average price is C$10.95 and its 200 day moving average price is C$8.60.

About Prio

Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.