Shares of Lekoil Ltd (LON:LEK) hit a new 52-week low on Wednesday . The company traded as low as GBX 4.82 ($0.06) and last traded at GBX 5.06 ($0.07), with a volume of 178885 shares. The stock had previously closed at GBX 4.89 ($0.06).

Separately, Numis Securities cut their price objective on shares of Lekoil from GBX 40 ($0.52) to GBX 22 ($0.29) and set a “buy” rating on the stock in a report on Tuesday, May 14th.

The company has a current ratio of 1.21, a quick ratio of 0.47 and a debt-to-equity ratio of 12.35. The firm has a market capitalization of $27.15 million and a P/E ratio of 1.41.

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About Lekoil (LON:LEK)

Lekoil Limited explores for, develops, and produces petroleum oil and natural gas in Nigeria, Namibia, Cayman, and internationally. The company owns a 40% interest in the Otakikpo marginal field located in the south-eastern part of the Niger Delta; and a 40% interest in the OPL 310 block located in the Upper Cretaceous fairway that runs along the West African Transform Margin.

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