Edge Resources Receives “Buy” Rating from Sanlam Securities (EDG)
Edge Resources (LON:EDG)‘s stock had its “buy” rating reaffirmed by stock analysts at Sanlam Securities in a report issued on Thursday. They currently have a GBX 14 ($0.24) price objective on the stock. Sanlam Securities’ target price would suggest a potential upside of 32.58% from the company’s current price.
Separately, analysts at SP Angel reiterated a “buy” rating on shares of Edge Resources in a research note on Thursday, May 8th.
Edge Resources (LON:EDG) traded up 9.45% on Thursday, hitting GBX 10.3975. 1,040,757 shares of the company’s stock traded hands. Edge Resources has a one year low of GBX 5.50 and a one year high of GBX 15.97. The stock’s 50-day moving average is GBX 11.84 and its 200-day moving average is GBX 8.6.
Edge Resources Inc (LON:EDG) is a junior oil and gas company.
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