Nostrum Oil & Gas (LON:NOG) Stock Price Down 10.3% – Here’s Why

Nostrum Oil & Gas PLC (LON:NOGGet Free Report) shares were down 10.3% during mid-day trading on Tuesday . The stock traded as low as GBX 3.50 ($0.04) and last traded at GBX 3.50 ($0.04). Approximately 425,266 shares changed hands during trading, an increase of 468% from the average daily volume of 74,839 shares. The stock had previously closed at GBX 3.90 ($0.05).

Nostrum Oil & Gas Price Performance

The company’s 50 day moving average price is GBX 3.88 and its two-hundred day moving average price is GBX 4.55. The company has a current ratio of 4.86, a quick ratio of 0.17 and a debt-to-equity ratio of 200.65. The stock has a market cap of £6.13 million, a P/E ratio of -0.85, a PEG ratio of -0.07 and a beta of 1.33.

Nostrum Oil & Gas Company Profile

(Get Free Report)

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.

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