Nostrum Oil & Gas (LON:NOG) Stock Rating Reaffirmed by Canaccord Genuity Group

Nostrum Oil & Gas (LON:NOG)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 14 ($0.18) price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 125.81% from the stock’s previous close.

Nostrum Oil & Gas Stock Performance

Nostrum Oil & Gas stock traded up GBX 0.56 ($0.01) during midday trading on Tuesday, reaching GBX 6.20 ($0.08). The stock had a trading volume of 50 shares, compared to its average volume of 49,377. The firm’s 50-day moving average price is GBX 6.13 and its 200 day moving average price is GBX 8.70. Nostrum Oil & Gas has a 12 month low of GBX 5 ($0.06) and a 12 month high of GBX 14.50 ($0.18). The company has a quick ratio of 0.17, a current ratio of 4.18 and a debt-to-equity ratio of 200.65. The firm has a market capitalization of £1.05 million, a PE ratio of 0.17, a P/E/G ratio of -0.07 and a beta of 1.39.

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.