Zacks Investment Research upgraded shares of Amerisur Resources (OTCMKTS:ASUXF) from a sell rating to a hold rating in a research report released on Monday morning.
According to Zacks, “Amerisur Resources PLC is an oil and gas exploration and production company. Its primarily portfolio of assets consists in Colombia and Paraguay. Amerisur Resources PLC is headquartered in Wales, Great Britain. “
ASUXF opened at $0.24 on Monday. Amerisur Resources has a fifty-two week low of $0.20 and a fifty-two week high of $0.34.
Amerisur Resources Plc operates as an independent exploration and production oil and gas company primarily in Colombia and Paraguay. It has a 100% working interest in the Platanillo block covering an area of 14,341 hectares in the Putumayo Basin, in the south of Colombia; 60% working interest in the Putumayo-12 block covering an area of 55,000 hectares adjacent to the Platanillo block; 50% working interest in Putumayo-30 block covering an area of approximately 38,514 hectares located in the northern Putumayo basin; 30% working interest in the CPO-5 covering an area of 198,000 hectares located to the south of block Llanos 34 and to the east of the Corcel fields; 100% working interest in the Tacacho contract located in the Caguan-Putumayo basin; 50% working interest in Putumayo-8 Block located adjacent to the west of the Platanillo field; 100% working interest and operatorship in the Coati Block located to the South West of the Putumayo basin; and 100% working interest in the Andaquies Block located to the north east of the Putumayo basin.
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