Nostrum Oil & Gas (LON:NOG) Sets New 52-Week Low – Time to Sell?

Nostrum Oil & Gas PLC (LON:NOG)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 2.40 ($0.03) and last traded at GBX 2.50 ($0.03), with a volume of 1620498 shares traded. The stock had previously closed at GBX 2.87 ($0.04).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 8 ($0.10) price objective on shares of Nostrum Oil & Gas in a research note on Friday.

Nostrum Oil & Gas Stock Performance

The business’s fifty day moving average price is GBX 3.16 and its 200-day moving average price is GBX 3.95. The company has a debt-to-equity ratio of 200.65, a current ratio of 4.86 and a quick ratio of 0.17. The stock has a market capitalization of £4.40 million, a PE ratio of -0.61, a P/E/G ratio of -0.07 and a beta of 1.33.

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.