Petroleo Brasileiro SA Petrobras Rises On Unusually High Volume (PBR)

NEW YORK ( TheStreet) -- Petroleo Brasileiro SA Petrobras (NYSE: PBR) is trading at unusually high volume Wednesday with 32.3 million shares changing hands. It is currently at two times its average daily volume and trading up 42 cents (+3.3%) at $13.24 as of 12:01 p.m. ET.

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Petroleo Brasileiro SA Petrobras has a market cap of $86.68 billion and is part of the basic materials sector and energy industry. Shares are down 34.2% year to date as of the close of trading on Tuesday.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Petroleo Brasileiro SA Petrobras Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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