LIQUEFIED NAT G/S (OTCMKTS:LNGLY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.68 and traded as low as $0.50. LIQUEFIED NAT G/S shares last traded at $0.55, with a volume of 73,454 shares.
Several analysts recently issued reports on LNGLY shares. Gabelli started coverage on LIQUEFIED NAT G/S in a report on Monday, May 13th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded LIQUEFIED NAT G/S from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th.
The firm has a 50 day simple moving average of $0.67 and a two-hundred day simple moving average of $1.04.
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.
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