Tamarack Valley Energy Ltd. (TVE:CA) Rises 11.06% for September 16

Equities Staff  |

September 16 was a positive day for Tamarack Valley Energy Ltd. (TVE:CA) as its stock finished the day having gained 11.06% to hit a price of $2.41 a share. The company reached a market cap of 543.43 million and has 226.46 million shares outstanding. Tamarack Valley Energy Ltd. is a component of the the S&P/TSX SmallCap Index.

780,287 shares changed hands over the course of the day as compared to an average volume of 360,158 over the last 30 days for Tamarack Valley Energy Ltd..

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Brian Schmidt.

Tamarack Valley Energy Ltd. has hit a high of $5.20 and reached a low of $1.66 over its last year of trading. The stock’s 50-day SMA is now $1.97 and 200-day SMA is $2.27. As for its price valuations, the P/E ratio is at 10.9 and P/B is now 0.66.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Tamarack Valley Energy Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: TVE:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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