President Energy (PPC) Given “Buy” Rating at Peel Hunt

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Peel Hunt reiterated their buy rating on shares of President Energy (LON:PPC) in a report released on Monday, October 15th.

Separately, FinnCap reissued a corporate rating on shares of President Energy in a research note on Friday, July 27th.

PPC stock traded down GBX 0.05 ($0.00) during mid-day trading on Monday, reaching GBX 9.40 ($0.12). 498,304 shares of the stock traded hands, compared to its average volume of 556,114. President Energy has a one year low of GBX 5.75 ($0.08) and a one year high of GBX 12.50 ($0.16).

President Energy Company Profile

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; and the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina.

Further Reading: Why do company’s buyback their stock?

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