Peel Hunt Reiterates “Buy” Rating for Eland Oil & Gas (ELA)

Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reiterated by Peel Hunt in a report issued on Wednesday, July 25th.

Eland Oil & Gas stock traded down GBX 2 ($0.03) during mid-day trading on Wednesday, reaching GBX 130 ($1.68). The company’s stock had a trading volume of 393,262 shares, compared to its average volume of 153,615. Eland Oil & Gas has a twelve month low of GBX 44.30 ($0.57) and a twelve month high of GBX 91.62 ($1.19).

In other Eland Oil & Gas news, insider Henry Arthur John Turcan acquired 35,048 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was purchased at an average price of GBX 119 ($1.54) per share, with a total value of £41,707.12 ($53,989.80). In the last ninety days, insiders acquired 46,758 shares of company stock valued at $5,573,134.

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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