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Research analysts at VSA Capital started coverage on shares of Egdon Resources Plc (LON:EDR) in a report released on Wednesday. The firm set a “buy” rating and a GBX 60 ($1.01) price target on the stock. VSA Capital’s target price would indicate a potential upside of 140.96% from the company’s current price.

Shares of Egdon Resources Plc (LON:EDR) traded down 4.32% on Wednesday, hitting GBX 23.92. 142,234 shares of the company’s stock traded hands. Egdon Resources Plc has a 1-year low of GBX 8.486 and a 1-year high of GBX 35.941. The stock’s 50-day moving average is GBX 22.20 and its 200-day moving average is GBX 18.83.

Egdon Resources plc is engaged in the exploration and development oil and gas reserves in onshore England and France.

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