Longboat Energy (LON:LBE) Trading Up 2.9% – Here’s Why

Longboat Energy plc (LON:LBEGet Free Report)’s stock price was up 2.9% on Tuesday . The stock traded as high as GBX 18.50 ($0.24) and last traded at GBX 18 ($0.23). Approximately 194,104 shares were traded during trading, a decline of 66% from the average daily volume of 564,503 shares. The stock had previously closed at GBX 17.50 ($0.22).

Longboat Energy Stock Performance

The stock has a market capitalization of £10.28 million, a price-to-earnings ratio of -112.50 and a beta of 0.12. The company has a debt-to-equity ratio of 177.95, a quick ratio of 2.60 and a current ratio of 5.62. The firm’s 50 day moving average is GBX 18.06 and its 200-day moving average is GBX 17.95.

About Longboat Energy

(Get Free Report)

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.

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