IGAS Energy (LON:IGAS) Sets New 52-Week Low at $48.92

IGAS Energy PLC (LON:IGAS)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 48.92 ($0.64) and last traded at GBX 50.30 ($0.66), with a volume of 45013 shares trading hands. The stock had previously closed at GBX 51.40 ($0.67).

Separately, Canaccord Genuity reiterated a “buy” rating and set a GBX 190 ($2.48) target price on shares of IGAS Energy in a report on Thursday, August 1st.

The business has a fifty day simple moving average of GBX 56.61 and a 200 day simple moving average of GBX 66.42. The stock has a market cap of $64.19 million and a price-to-earnings ratio of -2.98. The company has a debt-to-equity ratio of 12.98, a quick ratio of 0.93 and a current ratio of 1.55.

In related news, insider Stephen Bowler bought 2,271 shares of the stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of GBX 60 ($0.78) per share, for a total transaction of £1,362.60 ($1,780.48).

About IGAS Energy (LON:IGAS)

IGas Energy plc operates as an oil and gas exploration and production company Britain. It holds interests in the 55 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.

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