Nostrum Oil & Gas (LON:NOG) Shares Down 19.5% – What’s Next?

Shares of Nostrum Oil & Gas PLC (LON:NOG) fell 19.5% during mid-day trading on Tuesday . The stock traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.50 ($0.03). 209,466 shares changed hands during trading, an increase of 72% from the average session volume of 121,669 shares. The stock had previously closed at GBX 3.11 ($0.04).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated 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 Trading Down 5.6 %

The company has a debt-to-equity ratio of -384.25, a quick ratio of 0.17 and a current ratio of 3.35. The stock has a market cap of £8.06 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 50-day simple moving average of GBX 2.98 and a 200-day simple moving average of GBX 3.37.

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.