Nostrum Oil & Gas (LON:NOG) Hits New 12-Month Low – What’s Next?

Nostrum Oil & Gas PLC (LON:NOG) reached a new 52-week low during mid-day 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 trading hands. The stock had previously closed at GBX 2.66 ($0.03).

Analyst Upgrades and Downgrades

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

Nostrum Oil & Gas Price Performance

The stock has a market cap of £4.89 million, a price-to-earnings ratio of -0.68, a price-to-earnings-growth ratio of -0.07 and a beta of 1.33. The stock’s 50 day moving average price is GBX 3.11 and its two-hundred day moving average price is GBX 3.90. The company has a quick ratio of 0.17, a current ratio of 4.86 and a debt-to-equity ratio of 200.65.

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.