LIQUEFIED NAT G/S (OTCMKTS:LNGLY) Shares Cross Above Fifty Day Moving Average of $0.65

LIQUEFIED NAT G/S (OTCMKTS:LNGLY) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.65 and traded as high as $0.50. LIQUEFIED NAT G/S shares last traded at $0.50, with a volume of 47,042 shares traded.

LNGLY has been the subject of several research reports. Gabelli initiated coverage on LIQUEFIED NAT G/S in a research report on Monday, May 13th. They set a “buy” rating for the company. Zacks Investment Research lowered LIQUEFIED NAT G/S from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

The company has a 50 day moving average of $0.65 and a 200-day moving average of $1.01.

LIQUEFIED NAT G/S Company Profile (OTCMKTS:LNGLY)

Liquefied Natural Gas Limited, together with its subsidiaries, engages in the identification and progression of liquefied natural gas (LNG) development projects to facilitate the production and sale of LNG. It operates through LNG Infrastructure, and Technology and Licensing segments. The company's projects include the Magnolia LNG project located in Lake Charles, Louisiana, the United States; and the Bear Head LNG project situated in Point Tupper, Richmond County, Nova Scotia, Canada.

Read More: Momentum Investing

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