President Energy PLC (LON:PPC)’s share price was up 7.1% during trading on Thursday . The stock traded as high as GBX 9.06 ($0.12) and last traded at GBX 9.10 ($0.12). Approximately 284,993 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 556,114 shares. The stock had previously closed at GBX 8.50 ($0.11).

PPC has been the subject of several recent research reports. FinnCap reissued a “corporate” rating and issued a GBX 19 ($0.25) price target (up previously from GBX 18 ($0.24)) on shares of President Energy in a research note on Wednesday, January 16th. Peel Hunt reissued a “buy” rating on shares of President Energy in a research note on Wednesday, November 28th.

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About President Energy (LON:PPC)

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina; and the Las Bases and Puesto Prado Concessions in Rio Negro Province, Argentina.

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