Nostrum Oil & Gas (LON:NOG) Trading Down 32.6% – Here’s Why

Nostrum Oil & Gas PLC (LON:NOG) shares were down 32.6% during trading on Wednesday . The stock traded as low as GBX 2.50 and last traded at GBX 2.60. Approximately 3,047,750 shares were traded during trading, an increase of 1,252% from the average daily volume of 225,470 shares. The stock had previously closed at GBX 3.86.

Nostrum Oil & Gas Trading Down 43.4%

The firm has a 50 day simple moving average of GBX 2.58 and a 200 day simple moving average of GBX 3.22. The firm has a market capitalization of £3.60 million, a PE ratio of -0.01, a P/E/G 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.

About Nostrum Oil & Gas

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.