Petroneft Resources PLC (LON:PTR) hit a new 52-week low on Tuesday . The company traded as low as GBX 1.40 ($0.02) and last traded at GBX 1.40 ($0.02), with a volume of 90000 shares. The stock had previously closed at GBX 1.50 ($0.02).

Separately, Canaccord Genuity restated a “speculative buy” rating and issued a GBX 3 ($0.04) price objective on shares of Petroneft Resources in a report on Tuesday, October 24th.

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Petroneft Resources Company Profile

PetroNeft Resources plc (PetroNeft) is an international oil and gas exploration and production company, focused on Russia. The Company is engaged in oil and gas exploration, development and production through its holdings in over two joint venture undertakings, which include License 61 and License 67.

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