Prospex Oil and Gas’ (PXOG) Speculative Buy Rating Reiterated at Beaufort Securities

Beaufort Securities restated their speculative buy rating on shares of Prospex Oil and Gas (LON:PXOG) in a research note released on Friday morning.

Prospex Oil and Gas (PXOG) remained flat at $GBX 0.60 ($0.01) during trading on Friday. The company had a trading volume of 81,914,568 shares, compared to its average volume of 61,680,000. Prospex Oil and Gas has a 52 week low of GBX 0.29 ($0.00) and a 52 week high of GBX 0.98 ($0.01). The firm has a market cap of $6.07 and a PE ratio of -60.00.

In related news, insider James Smith purchased 4,000,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £40,000 ($54,244.64).

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About Prospex Oil and Gas

Prospex Oil and Gas Plc, formerly Premier Gold Resources Plc, is a United Kingdom-based investment company. The Company invests in and/or acquires companies and/or projects within the natural resources and/or energy sector with potential for growth and/or income. The Company may also directly apply for new exploration licenses or invest in existing licenses.

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