Nostrum Oil & Gas (LON:NOG) shares exceed the 50-day moving average of $5.03

Nostrum Oil & Gas PLC (LON:NOG – Free Report) share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX5.03 ($0.06) and has traded as high as GBX6.23 ($0.08). Nostrum Oil & Gas shares were last traded at GBX4.75 ($0.06) with volume of 19,062 shares changing hands.

Changes in analyst ratings

Separately, Canaccord Genuity Group reiterated its “speculative buy” rating and set a price target of GBX 14 ($0.18) on shares of Nostrum Oil & Gas in a research report on Tuesday, April 30.

Read our latest stock analysis on Nostrum Oil & Gas

Performance of Nostrum Oil & Gas shares

The stock has a market cap of £8.02 million, a P/E ratio of 0.12, a PEG ratio of -0.07 and a beta of 1.42. The company has a 50-day moving average of GBX 5.03 and a 200-day moving average of GBX 5.95. The company has a debt-to-equity ratio of 200.65, a quick ratio of 0.17 and a current ratio of 3.40.

About Nostrum Oil & Gas

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Nostrum Oil & Gas PLC, an independent oil and gas company, is engaged in the exploration, development and production of oil and gas in the Pre-Caspian Basin. The Company discovers and develops oil and gas reserves and produces and sells crude oil, stabilized condensate, liquefied natural gas and dry gas.