TLOU Energy Ltd (LON:TLOU)’s stock price traded down 1% during mid-day trading on Thursday . The company traded as low as GBX 4.83 ($0.06) and last traded at GBX 4.90 ($0.06), 200,533 shares were traded during mid-day trading. A decline of 90% from the average session volume of 2,070,000 shares. The stock had previously closed at GBX 4.95 ($0.06).
Separately, Shore Capital restated a “house stock” rating on shares of TLOU Energy in a report on Thursday, August 22nd.
The company has a market capitalization of $22.06 million and a PE ratio of -7.00. The stock’s fifty day simple moving average is GBX 5.19 and its 200-day simple moving average is GBX 6.04.
Tlou Energy Limited identifies, explores, evaluates, and develops coalbed methane (CBM) natural gas resources for gas-to-power generation in Southern Africa. It holds a mining license and 10 prospecting licenses covering an area of approximately 9,300 square kilometers in the Karoo Basin, Botswana. The company owns a 100% interest in the Lesedi CBM project.
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