Nostra Terra Oil and Gas (LON:NTOG) Shares Down 16.1% – Time to Sell?

Nostra Terra Oil and Gas Company plc (LON:NTOG)’s share price fell 16.1% on Wednesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 365,396 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 22,981,150 shares. The stock had previously closed at GBX 0.06 ($0.00).

Nostra Terra Oil and Gas Price Performance

The company has a debt-to-equity ratio of 437.14, a current ratio of 0.60 and a quick ratio of 0.55. The business’s fifty day moving average price is GBX 0.04 and its 200-day moving average price is GBX 0.08. The stock has a market capitalization of £1.30 million, a price-to-earnings ratio of -2.30 and a beta of 0.25.

Nostra Terra Oil and Gas Company Profile

Nostra Terra Oil and Gas Company plc, together with its subsidiaries, engages in the exploitation of hydrocarbon resources in the United States. Its principal asset is the 100% owned Mesquite asset, which covers an area of 1,984 net acres located on the Eastern Shelf of the Permian Basin, Texas. It also holds a 100% working interest (WI) in pine mills oilfield and caballos creek oilfield; 32.5% WI in e Cypress farmout area of pine mills; and 50-100% WI leases located in the Permian Basin.