International Petroleum (TSE:IPCO) Reaches New 1-Year High at $19.27

International Petroleum Co. (TSE:IPCO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$19.27 and last traded at C$19.13, with a volume of 26992 shares trading hands. The stock had previously closed at C$18.10.

Analyst Upgrades and Downgrades

Separately, ATB Capital increased their price objective on shares of International Petroleum from C$16.50 to C$19.00 in a research note on Monday, April 22nd.

International Petroleum Price Performance

The firm’s fifty day moving average price is C$18.03 and its 200 day moving average price is C$16.43. The company has a quick ratio of 3.93, a current ratio of 2.94 and a debt-to-equity ratio of 44.41. The stock has a market cap of C$2.39 billion, a PE ratio of 11.10 and a beta of 2.50.

About International Petroleum

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.