Nostrum Oil & Gas (LON:NOG) Stock Price Down 20% – Here’s Why

Nostrum Oil & Gas PLC (LON:NOG) fell 20% on Tuesday . The company traded as low as GBX 2 and last traded at GBX 2. 317,874 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 163,563 shares. The stock had previously closed at GBX 2.50.

Nostrum Oil & Gas Trading Down 20.0%

The stock has a market cap of £3.30 million, a PE ratio of -0.01, a PEG ratio of -0.07 and a beta of 0.51. The company has a current ratio of 0.29, a quick ratio of 0.17 and a debt-to-equity ratio of -327.13. The firm has a fifty day simple moving average of GBX 3.37 and a two-hundred day simple moving average of GBX 3.52.

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. Its principal producing asset is 100% owned Chinarevskoye field located in North-western Kazakhstan. Nostrum Oil & Gas PLC was founded in 1997 and is based in London, the United Kingdom.