Nostrum Oil & Gas (LON:NOG) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Nostrum Oil & Gas PLC (LON:NOG) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3.41 ($0.04) and traded as low as GBX 3 ($0.04). Nostrum Oil & Gas shares last traded at GBX 3 ($0.04), with a volume of 14,125 shares.

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 report on Friday, January 31st.

Nostrum Oil & Gas Price Performance

The firm has a market cap of £8.18 million, a P/E ratio of -0.10, a P/E/G 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. The business’s 50 day moving average is GBX 2.98 and its two-hundred day moving average is GBX 3.41.

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.