Nostrum Oil & Gas (LON:NOG) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nostrum Oil & Gas PLC (LON:NOG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.45 ($0.04) and traded as low as GBX 2.53 ($0.03). Nostrum Oil & Gas shares last traded at GBX 3.13 ($0.04), with a volume of 579 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 8 ($0.10) price objective on shares of Nostrum Oil & Gas in a research report on Friday, January 31st.

Nostrum Oil & Gas Stock Performance

The company has a quick ratio of 0.17, a current ratio of 3.35 and a debt-to-equity ratio of -384.25. The company has a market cap of £8.24 million, a P/E ratio of -0.11, a P/E/G ratio of -0.07 and a beta of 1.33. The business has a fifty day moving average of GBX 2.98 and a 200 day moving average of GBX 3.45.

Nostrum Oil & Gas Company Profile

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.