I3 Energy PLC (LON:I3E) fell 5.4% during mid-day trading on Tuesday . The stock traded as low as GBX 36.50 ($0.48) and last traded at GBX 37 ($0.48), 1,628,695 shares were traded during trading. An increase of 616% from the average session volume of 227,363 shares. The stock had previously closed at GBX 39.10 ($0.51).

Separately, Canaccord Genuity reaffirmed a “speculative buy” rating and set a GBX 80 ($1.05) price target on shares of I3 Energy in a research report on Tuesday, October 29th.

The company has a debt-to-equity ratio of 35.94, a current ratio of 25.72 and a quick ratio of 25.70. The company’s 50-day simple moving average is GBX 27.10 and its 200-day simple moving average is GBX 40. The stock has a market capitalization of $35.51 million and a P/E ratio of -3.28.

I3 Energy Company Profile (LON:I3E)

i3 Energy Plc, a holding company, engages in the identification, evaluation, acquisition, appraisal, development, and production of oil and gas assets in the United Kingdom. It owns a 100% interest in the License P.1987, Blocks 13/23d and 13/23c of Liberator oil field located in the North Sea. The company was founded in 2014 and is headquartered in Westhill, the United Kingdom.

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