Peel Hunt Reaffirms Buy Rating for President Energy (PPC)

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Peel Hunt reiterated their buy rating on shares of President Energy (LON:PPC) in a research report released on Thursday. Peel Hunt currently has a GBX 10.50 ($0.14) target price on the stock.

Separately, FinnCap reiterated a corporate rating on shares of President Energy in a report on Wednesday, June 6th.

LON PPC opened at GBX 9.20 ($0.12) on Thursday. President Energy has a 1-year low of GBX 5.75 ($0.07) and a 1-year high of GBX 12.50 ($0.16).

In related news, insider Jorge Dario Bongiovanni bought 81,000 shares of the stock in a transaction on Wednesday, June 6th. The shares were purchased at an average price of GBX 9 ($0.12) per share, for a total transaction of £7,290 ($9,436.89). Also, insider Robert James Shepherd bought 300,000 shares of the stock in a transaction on Wednesday, June 20th. The shares were bought at an average price of GBX 10 ($0.13) per share, for a total transaction of £30,000 ($38,834.95). In the last quarter, insiders have acquired 481,000 shares of company stock worth $4,629,000.

About President Energy

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; and the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina.

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