Nostrum Oil & Gas (LON:NOG) Shares Pass Below 200 Day Moving Average – What’s Next?

Posted by ABMN Staff on Mar 28th, 2025

Nostrum Oil & Gas PLC (LON:NOG – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3.41 ($0.04) and traded as low as GBX 3 ($0.04). Nostrum Oil & Gas shares last traded at GBX 3 ($0.04), with a volume of 14,125 shares changing hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Nostrum Oil & Gas

Nostrum Oil & Gas Price Performance

The business has a fifty day moving average of GBX 2.97 and a 200-day moving average of GBX 3.41. The company has a current ratio of 3.35, a quick ratio of 0.17 and a debt-to-equity ratio of -384.25. The firm has a market cap of £7.90 million, a PE ratio of -0.10, a PEG ratio of -0.07 and a beta of 1.33.

About Nostrum Oil & Gas

(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.