Lekoil (LON:LEK) Hits New 52-Week Low at $3.35

Lekoil Ltd (LON:LEK)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 3.35 ($0.04) and last traded at GBX 3.43 ($0.04), with a volume of 3498625 shares changing hands. The stock had previously closed at GBX 3.70 ($0.05).

Separately, Numis Securities cut their target price on shares of Lekoil from GBX 40 ($0.52) to GBX 22 ($0.29) and set a “buy” rating for the company in a research note on Tuesday, May 14th.

The company has a market cap of $17.17 million and a P/E ratio of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.47 and a debt-to-equity ratio of 12.35.

ILLEGAL ACTIVITY WARNING: This story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dispatchtribunal.com/2019/06/13/lekoil-lonlek-hits-new-52-week-low-at-3-35.html.

Lekoil Company Profile (LON:LEK)

Lekoil Limited explores for, develops, and produces petroleum oil and natural gas in Nigeria, Namibia, Cayman, and internationally. The company owns a 40% interest in the Otakikpo marginal field located in the south-eastern part of the Niger Delta; and a 40% interest in the OPL 310 block located in the Upper Cretaceous fairway that runs along the West African Transform Margin.

See Also: What does a hold rating mean?

Receive News & Ratings for Lekoil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lekoil and related companies with MarketBeat.com's FREE daily email newsletter.