President Energy (PPC) Reaches New 1-Year High at $12.50

President Energy PLC (LON:PPC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 12.50 ($0.17) and last traded at GBX 12.25 ($0.17), with a volume of 658955 shares traded. The stock had previously closed at GBX 12.25 ($0.17).

Several brokerages recently issued reports on PPC. FinnCap reiterated a “corporate” rating and set a GBX 19 ($0.26) price target on shares of President Energy in a report on Tuesday, December 12th. Peel Hunt upped their price target on President Energy from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the stock a “buy” rating in a report on Monday, January 8th.

The firm has a market capitalization of $175.65 and a P/E ratio of -625.00.

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About President Energy

President Energy PLC is engaged in the exploration for and the evaluation and production of oil and gas. Its segment includes the exploration and production of hydrocarbons. The Company has oil and gas production in two geographical markets: the United States and Argentina. It has exploration assets in Paraguay, Argentina, the United States and Australia.

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