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Research analysts at Maxim Group initiated coverage on shares of Glori Energy (NASDAQ:GLRI) in a report released on Thursday, reports. The firm set a “buy” rating on the stock.

Glori Energy (NASDAQ:GLRI) opened at 7.75 on Thursday. Glori Energy has a 52 week low of $7.51 and a 52 week high of $10.30. The stock has a 50-day moving average of $7. and a 200-day moving average of $7.93. The company’s market cap is $23.8 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Glori Energy in a research note on Thursday, May 8th. They now have a $12.00 price target on the stock.

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