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.
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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.
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