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

Nostrum Oil & Gas PLC (LON:NOG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.45 ($0.04) and traded as low as GBX 2.53 ($0.03). Nostrum Oil & Gas shares last traded at GBX 3.13 ($0.04), with a volume of 579 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated 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 Price Performance

The stock has a market cap of £7.70 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. The company’s fifty day simple moving average is GBX 2.97 and its 200-day simple moving average is GBX 3.45.

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.