I3 Energy (LON:I3E) had its price objective reduced by Canaccord Genuity from GBX 175 ($2.29) to GBX 85 ($1.11) in a report released on Wednesday morning, Digital Look reports. Canaccord Genuity currently has a speculative buy rating on the stock.
Shares of LON:I3E opened at GBX 27.10 ($0.35) on Wednesday. I3 Energy has a 52 week low of GBX 33.20 ($0.43) and a 52 week high of GBX 119.79 ($1.57). The stock has a market capitalization of $23.68 million and a P/E ratio of -5.21. The firm has a fifty day simple moving average of GBX 50.78 and a two-hundred day simple moving average of GBX 45.36. The company has a quick ratio of 0.41, a current ratio of 0.42 and a debt-to-equity ratio of 12.71.
I3 Energy Company Profile
i3 Energy Plc, a holding company, engages in the identification, evaluation, acquisition, appraisal, development, and production of oil and gas assets in the United Kingdom. It owns a 100% interest in the License P.1987, Blocks 13/23d and 13/23c of Liberator oil field located in the North Sea. The company was founded in 2014 and is headquartered in Westhill, the United Kingdom.
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