Nostrum Oil & Gas (LON:NOG) Given “Speculative Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Nostrum Oil & Gas (LON:NOG) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 14 ($0.18) target price on the stock.

Nostrum Oil & Gas Trading Up 9.9 %

Shares of LON:NOG opened at GBX 6.20 ($0.08) on Tuesday. The company has a current ratio of 4.18, a quick ratio of 0.17 and a debt-to-equity ratio of 200.65. Nostrum Oil & Gas has a 12-month low of GBX 5 ($0.06) and a 12-month high of GBX 14.50 ($0.18). The business has a 50 day moving average of GBX 6.10 and a two-hundred day moving average of GBX 8.64. The company has a market capitalization of £1.05 million, a PE ratio of 0.15, a PEG ratio of -0.07 and a beta of 1.39.

About Nostrum Oil & Gas

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.