Zacks Investment Research Lowers LIQUEFIED NAT G/S (OTCMKTS:LNGLY) to Hold

Zacks Investment Research cut shares of LIQUEFIED NAT G/S (OTCMKTS:LNGLY) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Liquefied Natural Gas Limited develops and operates small and medium scale liquefied natural gas projects primarily in Australia. It operates primarily in Perth, Australia; Lake Charles, Louisiana and Halifax, Nova Scotia. Liquefied Natural Gas Limited is based in Houston, Texas. “

Separately, Gabelli started coverage on shares of LIQUEFIED NAT G/S in a research report on Monday, May 13th. They set a buy rating for the company.

Shares of OTCMKTS:LNGLY opened at $0.60 on Wednesday. LIQUEFIED NAT G/S has a 52-week low of $0.54 and a 52-week high of $2.40. The firm has a fifty day moving average of $0.69 and a 200 day moving average of $1.06.

About LIQUEFIED NAT G/S

Liquefied Natural Gas Limited, together with its subsidiaries, engages in the identification and progression of liquefied natural gas (LNG) development projects to facilitate the production and sale of LNG. It operates through LNG Infrastructure, and Technology and Licensing segments. The company's projects include the Magnolia LNG project located in Lake Charles, Louisiana, the United States; and the Bear Head LNG project situated in Point Tupper, Richmond County, Nova Scotia, Canada.

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