Cormark Upgrades New Stratus Energy (CVE:NSE) to Moderate Buy

Cormark upgraded shares of New Stratus Energy (CVE:NSE) to a moderate buy rating in a research report report published on Monday, Zacks.com reports.

Separately, Ventum Cap Mkts upgraded shares of New Stratus Energy to a strong-buy rating in a report on Wednesday, August 28th.

New Stratus Energy Stock Performance

New Stratus Energy stock opened at C$0.45 on Monday. New Stratus Energy has a fifty-two week low of C$0.42 and a fifty-two week high of C$0.84. The firm has a market capitalization of C$56.60 million, a price-to-earnings ratio of -5.63 and a beta of 1.21. The stock’s fifty day moving average is C$0.48 and its two-hundred day moving average is C$0.55.

About New Stratus Energy

New Stratus Energy Inc engages in the acquisition, exploration, and development of oil and gas properties principally in Latin America. It has a farm-in agreement to acquire 100% interests in Block VMM-18 located in Cuenca Valle Medio del Magdalena, Colombia; and operates Blocks 16 and 67 oil consortiums located in Ecuador.