Longboat Energy (LON:LBE) Trading Up 2.9%

Shares of Longboat Energy plc (LON:LBE) rose 2.9% on Thursday . The company traded as high as GBX 18.50 ($0.24) and last traded at GBX 18 ($0.24). Approximately 194,104 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 564,503 shares. The stock had previously closed at GBX 17.50 ($0.23).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “not rated” rating on shares of Longboat Energy in a research note on Monday, June 17th.

Longboat Energy Price Performance

The stock has a market cap of £10.85 million, a price-to-earnings ratio of -112.50 and a beta of 0.12. The company has a 50 day simple moving average of GBX 19.87 and a 200-day simple moving average of GBX 18.56. The company has a current ratio of 5.62, a quick ratio of 2.60 and a debt-to-equity ratio of 177.95.

About Longboat Energy

Longboat Energy plc, a full-cycle E&P company, focuses on acquiring oil and gas assets in Norway, Malaysia, and the United Kingdom. The company was incorporated in 2019 and is based in London, the United Kingdom.