Nostrum Oil & Gas (LON:NOG) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Nostrum Oil & Gas PLC (LON:NOG) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 3.63 and traded as high as GBX 4.02. Nostrum Oil & Gas shares last traded at GBX 4.02, with a volume of 25,403 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 4 price target on shares of Nostrum Oil & Gas in a research note on Monday, September 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 4.

Nostrum Oil & Gas Price Performance

The company has a quick ratio of 0.17, a current ratio of 3.35 and a debt-to-equity ratio of -384.25. The stock’s 50-day moving average price is GBX 3.63 and its 200 day moving average price is GBX 3.51. The firm has a market cap of £6.62 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.07 and a beta of 1.33.

Nostrum Oil & Gas Company Profile

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. Its principal producing asset is 100% owned Chinarevskoye field located in North-western Kazakhstan. Nostrum Oil & Gas PLC was founded in 1997 and is based in London, the United Kingdom.