Separately, Peel Hunt reiterated a buy rating and set a GBX 10.50 ($0.14) target price on shares of President Energy in a report on Thursday, August 9th.
Shares of President Energy stock opened at GBX 8.75 ($0.11) on Wednesday. President Energy has a 1 year low of GBX 5.75 ($0.07) and a 1 year high of GBX 12.50 ($0.16).
In other President Energy news, insider Alexander Charles Moody-Stuart bought 100,000 shares of the company’s stock in a transaction on Thursday, June 28th. The shares were bought at an average cost of GBX 9 ($0.12) per share, for a total transaction of £9,000 ($11,723.33). Also, insider Robert James Shepherd bought 300,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The shares were acquired at an average price of GBX 10 ($0.13) per share, for a total transaction of £30,000 ($39,077.76).
About President Energy
President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; and the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina.
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