Separately, Canaccord Genuity reissued a buy rating and set a GBX 165 ($2.16) target price on shares of Eland Oil & Gas in a research report on Monday, November 12th.
LON:ELA opened at GBX 123.50 ($1.61) on Monday. Eland Oil & Gas has a 52 week low of GBX 44.30 ($0.58) and a 52 week high of GBX 91.62 ($1.20).
About Eland Oil & Gas
Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of oil and gas properties in West Africa. The company primarily holds interests in the OML 40 license, which covers an area of 498 square kilometers located in the Niger Delta; and a 40% interest in the Ubima field that covers an area of 65 square kilometers located in the northern part of Rivers State.
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