Longboat Energy (LON:LBE) Trading 6.5% Higher

Longboat Energy plc (LON:LBE) shares traded up 6.5% during mid-day trading on Monday . The stock traded as high as GBX 21.30 ($0.27) and last traded at GBX 21.30 ($0.27). 416,377 shares traded hands during trading, a decline of 23% from the average session volume of 539,421 shares. The stock had previously closed at GBX 20 ($0.25).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “not rated” rating on shares of Longboat Energy in a research note on Monday, June 17th.

Longboat Energy Trading Up 7.5 %

The company has a 50 day moving average of GBX 14.78 and a 200-day moving average of GBX 18.31. The company has a debt-to-equity ratio of 177.95, a quick ratio of 2.60 and a current ratio of 5.62. The stock has a market cap of £12.28 million, a price-to-earnings ratio of -135.32 and a beta of 0.50.

About Longboat Energy

Longboat Energy plc, a full-cycle E&P company, focuses on acquiring oil and gas assets in Norway, Malaysia, and the United Kingdom. The company was incorporated in 2019 and is based in London, the United Kingdom.