Nostrum Oil & Gas (LON:NOG) Stock Price Up 8.9% – Still a Buy?

Nostrum Oil & Gas PLC (LON:NOG) traded up 8.9% on Thursday . The company traded as high as GBX 2.89 ($0.04) and last traded at GBX 2.89 ($0.04). 868,700 shares were traded during trading, an increase of 296% from the average session volume of 219,192 shares. The stock had previously closed at GBX 2.66 ($0.03).

Analyst Upgrades and Downgrades

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 company has a 50 day moving average price of GBX 3.11 and a 200-day moving average price of GBX 3.90. The company has a market cap of £4.23 million, a price-to-earnings ratio of -0.59, a P/E/G ratio of -0.07 and a beta of 1.33. 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.