Nostrum Oil & Gas (LON:NOG) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Nostrum Oil & Gas PLC (LON:NOG)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 3.02 ($0.04) and traded as high as GBX 3.50 ($0.04). Nostrum Oil & Gas shares last traded at GBX 2.70 ($0.03), with a volume of 112,603 shares traded.

Wall Street Analysts Forecast Growth

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

Nostrum Oil & Gas Price Performance

The stock’s 50-day moving average is GBX 3 and its 200 day moving average is GBX 3.77. The stock has a market capitalization of £8.67 million, a PE ratio of -0.11, 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 3.35 and a debt-to-equity ratio of -384.25.

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.