Nostra Terra Oil and Gas (LON:NTOG) Shares Down 7.9% – Here’s Why

Nostra Terra Oil and Gas Company plc (LON:NTOG)’s share price dropped 7.9% during mid-day trading on Thursday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 55,659,387 shares were traded during trading, an increase of 153% from the average daily volume of 21,956,531 shares. The stock had previously closed at GBX 0.04 ($0.00).

Nostra Terra Oil and Gas Stock Up 30.8 %

The company has a market capitalization of £1.11 million, a PE ratio of -2.30 and a beta of 0.25. The company has a debt-to-equity ratio of 437.14, a current ratio of 0.60 and a quick ratio of 0.55. The business’s 50 day simple moving average is GBX 0.04 and its 200 day simple moving average is GBX 0.07.

Nostra Terra Oil and Gas Company Profile

Nostra Terra Oil and Gas Company plc, together with its subsidiaries, engages in the exploitation of hydrocarbon resources in the United States. Its principal asset is the 100% owned Mesquite asset, which covers an area of 1,984 net acres located on the Eastern Shelf of the Permian Basin, Texas. It also holds a 100% working interest (WI) in pine mills oilfield and caballos creek oilfield; 32.5% WI in e Cypress farmout area of pine mills; and 50-100% WI leases located in the Permian Basin.