Rialto Energy (LON: RIA)‘s stock had its “buy” rating reaffirmed by research analysts at Investec in a report released on Friday. They currently have a $0.20 (13 GBX) target price on the stock.
Rialto Energy traded down 1.09% on Friday, hitting GBX 4.55. Rialto Energy has a 1-year low of GBX 4.255 and a 1-year high of GBX 28.00. The stock’s 50-day moving average is currently GBX 9.64.
Rialto Energy Limited (Rialto) is an Australia-based oil and gas exploration and production company. The principal activity of Rialto is investing in oil and gas exploration and production projects internationally and more specifically in West Africa.
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