Nostrum Oil & Gas (LON:NOG) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Nostrum Oil & Gas PLC (LON:NOG)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 3.48 ($0.05) and traded as low as GBX 3.26 ($0.04). Nostrum Oil & Gas shares last traded at GBX 3.90 ($0.05), with a volume of 6,976 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 4 price target on shares of Nostrum Oil & Gas in a research note on Monday, September 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, Nostrum Oil & Gas currently has an average rating of “Hold” and a consensus target price of GBX 4.

Nostrum Oil & Gas Price Performance

The business’s 50-day simple moving average is GBX 3.48 and its 200-day simple moving average is GBX 3.57. The stock has a market cap of £6.43 million, a PE ratio of -0.03, a PEG ratio of -0.07 and a beta of 1.33. The company has a quick ratio of 0.17, a current ratio of 3.35 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.