Nostrum Oil & Gas (LON:NOG) Stock Passes Below 200-Day Moving Average – Here’s Why

Nostrum Oil & Gas PLC (LON:NOG)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.69 ($0.05) and traded as low as GBX 3.01 ($0.04). Nostrum Oil & Gas shares last traded at GBX 3.59 ($0.05), with a volume of 50,834 shares changing hands.

Analysts Set New Price Targets

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

Nostrum Oil & Gas Price Performance

The company has a 50 day moving average of GBX 3.01 and a 200-day moving average of GBX 3.69. The stock has a market capitalization of £9.46 million, a P/E ratio of -0.12, a PEG 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.