IGAS Energy (LON:IGAS) Share Price Passes Below 200-Day Moving Average of $55.96

IGAS Energy PLC (LON:IGAS) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $55.96 and traded as low as $29.10. IGAS Energy shares last traded at $30.50, with a volume of 140,165 shares trading hands.

Separately, Canaccord Genuity restated a “buy” rating and set a GBX 190 ($2.48) target price on shares of IGAS Energy in a research note on Thursday, August 1st.

The company has a debt-to-equity ratio of 16.55, a quick ratio of 1.84 and a current ratio of 2.02. The company has a market capitalization of $36.91 million and a P/E ratio of -1.91. The business’s fifty day simple moving average is GBX 48.08 and its 200-day simple moving average is GBX 55.96.

IGAS Energy Company Profile (LON:IGAS)

IGas Energy plc operates as an oil and gas exploration and production company Britain. It holds interests in the 55 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.

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