Hurricane Energy plc (LON:HUR – Get Rating) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 9.45 ($0.11) and traded as low as GBX 7.13 ($0.09). Hurricane Energy shares last traded at GBX 7.19 ($0.09), with a volume of 2,575,185 shares trading hands.
Separately, Canaccord Genuity Group raised shares of Hurricane Energy to a “hold” rating and raised their target price for the company from GBX 2.60 ($0.03) to GBX 9 ($0.11) in a research note on Thursday, April 7th.
The company has a market cap of £143.22 million and a P/E ratio of 10.27. The firm’s 50 day moving average price is GBX 9.45 and its 200-day moving average price is GBX 7.14. The company has a current ratio of 0.97, a quick ratio of 0.71 and a debt-to-equity ratio of 107.23.
Hurricane Energy plc, together with its subsidiaries, discovers, appraises, and develops hydrocarbon resources from fractured basement reservoirs on the United Kingdom Continental Shelf, West of Shetland. Its producing oil fields located in Clair, Foinaven, and Schiehallion; licences focused on the Rona Ridge, a major NE-SW trending basement; and assets comprise Lancaster, Lincoln, Halifax, and Warwick.
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