Nostrum Oil & Gas (LON:NOG) Stock Price Up 28.1% – What’s Next?

Nostrum Oil & Gas PLC (LON:NOG)’s stock price was up 28.1% on Thursday . The company traded as high as GBX 5.10 ($0.07) and last traded at GBX 5.10 ($0.07). Approximately 217,515 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 128,426 shares. The stock had previously closed at GBX 3.98 ($0.05).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 8 ($0.11) target price on shares of Nostrum Oil & Gas in a research note on Friday, January 31st.

Nostrum Oil & Gas Stock Performance

The firm’s 50-day simple moving average is GBX 3.15 and its two-hundred day simple moving average is GBX 3.34. The company has a current ratio of 3.35, a quick ratio of 0.17 and a debt-to-equity ratio of -384.25. The company has a market cap of £13.43 million, a PE ratio of -0.17, 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.