Nostrum Oil & Gas (LON:NOG) Shares Down 25.4% – Here’s Why

Shares of Nostrum Oil & Gas PLC (LON:NOGGet Free Report) dropped 25.4% on Monday . The company traded as low as GBX 2 and last traded at GBX 2.98. 1,053,275 shares were traded during mid-day trading, an increase of 549% from the average session volume of 162,194 shares. The stock had previously closed at GBX 4.

Nostrum Oil & Gas Trading Down 25.4%

The company has a debt-to-equity ratio of -202.62, a current ratio of 0.26 and a quick ratio of 0.17. The business has a 50 day moving average of GBX 3.61 and a 200 day moving average of GBX 3.17. The firm has a market capitalization of £4.92 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.07 and a beta of 0.78.

About Nostrum Oil & Gas

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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.

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