Tourmaline Oil ( (TSE:TOU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Tourmaline Oil shares came under pressure after TD Securities downgraded the stock, signaling a more cautious view on the company’s outlook. Along with the downgrade, TD Securities set a new price target of C$65, suggesting more limited upside ahead and adding to the selling pressure in the stock.
More about Tourmaline Oil
YTD Price Performance: 4.66%
Average Trading Volume: 2,354,418
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$24.94B
For further insights into TOU stock on TipRanks’ Stock Analysis page.
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