Prospex Oil and Gas’ (PXOG) Speculative Buy Rating Reaffirmed at Beaufort Securities

Prospex Oil and Gas (LON:PXOG)‘s stock had its “speculative buy” rating reiterated by investment analysts at Beaufort Securities in a research note issued to investors on Friday.

Prospex Oil and Gas (LON PXOG) traded up GBX 0.06 ($0.00) during trading on Friday, hitting GBX 0.63 ($0.01). 380,233,725 shares of the stock were exchanged, compared to its average volume of 29,370,000. Prospex Oil and Gas has a fifty-two week low of GBX 0.29 ($0.00) and a fifty-two week high of GBX 0.98 ($0.01). The stock has a market capitalization of $6.41 and a price-to-earnings ratio of -63.00.

In other news, insider James Smith acquired 4,000,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £40,000 ($54,244.64).

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Prospex Oil and Gas Company Profile

Prospex Oil and Gas Plc, formerly Premier Gold Resources Plc, is a United Kingdom-based investment company. The Company invests in and/or acquires companies and/or projects within the natural resources and/or energy sector with potential for growth and/or income. The Company may also directly apply for new exploration licenses or invest in existing licenses.

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