Eland Oil & Gas’ (ELA) “Buy” Rating Reiterated at Peel Hunt

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Peel Hunt restated their buy rating on shares of Eland Oil & Gas (LON:ELA) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

Shares of LON:ELA opened at GBX 123.20 ($1.61) on Wednesday. The company has a market capitalization of $267.26 million and a P/E ratio of 4.74. Eland Oil & Gas has a 52 week low of GBX 94.60 ($1.24) and a 52 week high of GBX 138.50 ($1.81). The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 15.05. The business has a 50 day simple moving average of GBX 124.22.

In other Eland Oil & Gas news, insider George Walter Mitchell Maxwell acquired 8,345 shares of Eland Oil & Gas stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of GBX 120 ($1.57) per share, with a total value of £10,014 ($13,085.06).

Eland Oil & Gas Company Profile

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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