Nostrum Oil & Gas (LON:NOG) Stock Price Down 11.4% – Should You Sell?

Nostrum Oil & Gas PLC (LON:NOG) dropped 11.4% during mid-day trading on Tuesday . The stock traded as low as GBX 4.02 ($0.05) and last traded at GBX 4.02 ($0.05). Approximately 165,685 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 128,917 shares. The stock had previously closed at GBX 4.54 ($0.06).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 8 ($0.11) target price on shares of Nostrum Oil & Gas in a report on Friday, January 31st.

Nostrum Oil & Gas Stock Down 11.4 %

The business has a fifty day moving average price of GBX 3.29 and a two-hundred day moving average price of GBX 3.36. The company has a debt-to-equity ratio of -384.25, a current ratio of 3.35 and a quick ratio of 0.17. The firm has a market cap of £10.59 million, a PE ratio of -0.14, a P/E/G ratio of -0.07 and a beta of 1.33.

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.