Traverse Energy Receives a Buy from GMP FirstEnergy


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Traverse Energy (TSXV: TVL). Analyst Robert Fitzmartyn from GMP FirstEnergy remains bullish on the stock and has a C$0.20 price target.

According to TipRanks.com, Fitzmartyn is ranked #4740 out of 4840 analysts.

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Currently, the analyst consensus on Traverse Energy is a Moderate Buy with an average price target of C$0.20.

The company has a one-year high of C$0.45 and a one-year low of C$0.17. Currently, Traverse Energy has an average volume of 52.17K.

Traverse Energy Ltd. engages in the exploration, development and production of oil and natural gas. It operates through the production of oil and associated natural gas and related liquids, and exploration and development of light and medium oil. The company was founded on August 25, 1995 and is headquartered in Calgary, Canada.

The company’s shares closed on Wednesday at C$0.16.

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