I3 Energy (I3E) Rating Lowered to speculative buy at Canaccord Genuity

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Canaccord Genuity downgraded shares of I3 Energy (LON:I3E) to a speculative buy rating in a report issued on Tuesday, September 18th. The firm currently has GBX 250 ($3.27) price target on the stock.

LON:I3E traded up GBX 2 ($0.03) on Tuesday, hitting GBX 65.50 ($0.86). 303,986 shares of the stock were exchanged, compared to its average volume of 227,363. I3 Energy has a fifty-two week low of GBX 21.92 ($0.29) and a fifty-two week high of GBX 84.85 ($1.11).

About I3 Energy

i3 Energy Plc, a holding company, engages in the identification, evaluation, acquisition, appraisal, development, and production of oil and gas assets in the United Kingdom. It owns a 100% interest in the License P.1987, Blocks 13/23d and 13/23c of Liberator oil field located in the North Sea. The company was founded in 2014 and is headquartered in Westhill, the United Kingdom.

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