IGAS Energy (LON:IGAS) Reaches New 12-Month Low at $48.92

Shares of IGAS Energy PLC (LON:IGAS) hit a new 52-week low during mid-day 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. The stock had previously closed at GBX 51.40 ($0.67).

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

The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 12.98. The firm has a 50-day moving average of GBX 56.69 and a 200-day moving average of GBX 66.49. The stock has a market capitalization of $61.50 million and a price-to-earnings ratio of -2.86.

In other news, insider Stephen Bowler bought 2,271 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of GBX 60 ($0.78) per share, with a total value 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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