Green Dragon Gas Ltd. Hit 52-Week Low

 Green Dragon Gas Ltd. Hit 52 Week Low

The stock of Green Dragon Gas Ltd. (LON:GDG) hit a new 52-week low and has GBX 182.88 target or 5.00% below today’s GBX 192.50 share price. The 8 months bearish chart indicates high risk for the GBX 303.47 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 182.88 price target is reached, the company will be worth GBX 15.17 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at GBX 192.5 during the last session. It is down 27.36% since April 29, 2016 and is downtrending. It has underperformed by 32.62% the S&P500.

Green Dragon Gas Ltd. (LON:GDG) Ratings Coverage

Out of 3 analysts covering Green Dragon Gas Ltd (LON:GDG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Green Dragon Gas Ltd has been the topic of 13 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Monday, April 4, the company rating was maintained by Peel Hunt. The company was maintained on Monday, January 4 by Peel Hunt. The stock has “Buy” rating given by Cantor Fitzgerald on Thursday, July 23. The stock has “Buy” rating given by Cantor Fitzgerald on Wednesday, August 26. The rating was maintained by Cantor Fitzgerald on Monday, January 4 with “Buy”. The firm earned “Buy” rating on Monday, August 17 by Cantor Fitzgerald. The rating was maintained by Citigroup with “Neutral” on Wednesday, March 16. Cantor Fitzgerald maintained Green Dragon Gas Ltd. (LON:GDG) rating on Monday, November 30. Cantor Fitzgerald has “Buy” rating and GBX 806 price target. The firm earned “Buy” rating on Wednesday, February 3 by Cantor Fitzgerald. The firm has “Buy” rating given on Thursday, November 26 by Peel Hunt.

More news for Green Dragon Gas Ltd. (LON:GDG) were recently published by: Fool.Co.Uk, which released: “Are Green Dragon Gas Ltd., Centrica PLC And Lamprell Plc About To Mount …” on January 25, 2016. Fool.Co.Uk‘s article titled: “Why Are Green Dragon Gas Ltd, Falkland Oil and Gas Limited & Range Resources …” and published on August 17, 2015 is yet another important article.

Green Dragon Gas Ltd. is a Hong Kong investment holding company. The company has a market cap of 303.47 million GBP. The Company, through its subsidiaries, is engaged in the exploration, development and production of coal bed methane in the People’s Republic of China . It currently has negative earnings. The coal bed methane activities in the PRC are conducted through production sharing arrangements with China United Coal Bed Methane Corporation Ltd. and PetroChina Company Limited.

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