Surge Energy’s (ZPTAF) Buy Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Surge Energy (OTCMKTS:ZPTAF) in a research note released on Thursday.

A number of other equities research analysts have also commented on the company. CIBC restated a hold rating on shares of Surge Energy in a research report on Wednesday, November 21st. GMP Securities lowered Surge Energy from a buy rating to a hold rating in a research report on Thursday, December 13th.

Shares of OTCMKTS:ZPTAF traded down $0.03 during midday trading on Thursday, reaching $1.09. The company had a trading volume of 4,921 shares, compared to its average volume of 7,274. Surge Energy has a 1-year low of $0.92 and a 1-year high of $2.14.

About Surge Energy

Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds interests in the Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta; the Nipisi property located to the north of the town of Slave Lake, in northwestern Alberta; and the Nevis property located to the east of Red Deer, Alberta.

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