Longboat Energy (LON:LBE) Trading Up 35.2%

Longboat Energy plc (LON:LBE)’s share price shot up 35.2% during trading on Monday . The stock traded as high as GBX 10 ($0.13) and last traded at GBX 9.50 ($0.12). 1,449,863 shares were traded during mid-day trading, an increase of 299% from the average session volume of 363,774 shares. The stock had previously closed at GBX 7.03 ($0.09).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “not rated” rating on shares of Longboat Energy in a report on Monday.

Longboat Energy Stock Down 10.0 %

The company has a current ratio of 5.62, a quick ratio of 2.60 and a debt-to-equity ratio of 177.95. The stock has a market capitalization of £8.48 million, a PE ratio of -98.25 and a beta of 0.50. The stock’s fifty day simple moving average is GBX 14.78 and its 200-day simple moving average is GBX 18.29.

Longboat Energy Company Profile

Longboat Energy plc, a full-cycle E&P company, focuses on acquiring oil and gas assets in Norway, Malaysia, and the United Kingdom. The company was incorporated in 2019 and is based in London, the United Kingdom.