Shares of Sterling Energy (LON:SEY) reached a new 52-week low on Tuesday . The company traded as low as GBX 12.52 ($0.18) and last traded at GBX 13.85 ($0.20), with a volume of 37199 shares. The stock had previously closed at GBX 13.50 ($0.19).
Separately, Peel Hunt cut shares of Sterling Energy to an “add” rating and cut their price objective for the stock from GBX 16 ($0.23) to GBX 15.50 ($0.22) in a report on Monday, March 26th.
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About Sterling Energy
Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas exploration and production company in Africa. It has interests in various exploration projects in Mauritania and Somaliland. The company was incorporated in 1983 and is headquartered in London, the United Kingdom.
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