Shares of Shale Oil International Inc (OTCMKTS:SHLE) fell 27.9% during trading on Friday . The stock traded as low as $1.01 and last traded at $1.01, 1,210 shares traded hands during trading. An increase of 39% from the average session volume of 870 shares. The stock had previously closed at $1.40.
Separately, AltaCorp Capital restated a “sector perform” rating on shares of Shale Oil International in a research note on Friday, May 3rd.
The firm has a fifty day moving average price of $3.54.
Shale Oil International Inc, an exploration stage company, focuses on acquiring and exploring mineral properties. It has rights to conduct mineral exploration activities in the Dolly Varden South property located in Elko County, Gilman Gold property situated in Lander County, and Hercules property located in Lyon County in Nevada.
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