It was a tough day for Tamarack Valley Energy Ltd. (TVE:CA) as its stock fell 6.82% to finish the day at $2.46 a share. That reduces the company’s market cap to 558.9 million on 227.2 million outstanding shares. Tamarack Valley Energy Ltd. is a component of the the S&P/TSX SmallCap Index.
1.16 million shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.
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.. Tamarack Valley Energy Ltd. makes its home in Calgary, AB, and currently has CEO Brian Schmidt at the helm.
The past 52 weeks have seen the stock trade in a range between a high of $5.20 and a low of $1.81, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 0.69.
Tamarack Valley Energy Ltd. ($TVE:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.