Nostrum Oil & Gas (LON:NOG) Sets New 12-Month Low – Here’s Why

Nostrum Oil & Gas PLC (LON:NOG)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.89 ($0.04), with a volume of 868700 shares traded. The stock had previously closed at GBX 2.66 ($0.03).

Wall Street Analysts Forecast Growth

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

Nostrum Oil & Gas Stock Down 10.7 %

The company has a debt-to-equity ratio of 200.65, a quick ratio of 0.17 and a current ratio of 4.86. The stock has a market cap of £4.23 million, a PE ratio of -0.59, a price-to-earnings-growth ratio of -0.07 and a beta of 1.33. The company’s 50-day moving average price is GBX 3.08 and its 200 day moving average price is GBX 3.86.

About Nostrum Oil & Gas

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.