Nostrum Oil & Gas (LON:NOG) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Nostrum Oil & Gas PLC (LON:NOG) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.60 ($0.05) and traded as low as GBX 3.01 ($0.04). Nostrum Oil & Gas shares last traded at GBX 3.01 ($0.04), with a volume of 2,425 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 8 ($0.10) target price on shares of Nostrum Oil & Gas in a research report on Friday, January 31st.

Nostrum Oil & Gas Stock Performance

The company’s 50-day moving average price is GBX 3.04 and its two-hundred day moving average price is GBX 3.60. The company has a market cap of £7.93 million, a P/E ratio of -0.10, a price-to-earnings-growth ratio of -0.07 and a beta of 1.33. The company has a current ratio of 3.35, a quick ratio of 0.17 and a debt-to-equity ratio of -384.25.

Nostrum Oil & Gas Company Profile

Nostrum Oil & Gas PLC, an independent oil and gas company, engages in the exploration, development, and production of oil and gas in the pre-Caspian Basin. The company discovers and develops oil and gas reserves, as well as produces and sells crude oil, stabilized condensate, liquefied petroleum gas, and dry gas.