Peel Hunt cut shares of Green Dragon Gas Ltd. (LON:GDG) to a hold rating in a research note published on Thursday morning. Peel Hunt currently has GBX 240 ($2.97) price target on the stock, down from their previous price target of GBX 561 ($6.94).

Shares of Green Dragon Gas (LON:GDG) traded down 1.08% during mid-day trading on Thursday, hitting GBX 230.00. 10,000 shares of the stock traded hands. Green Dragon Gas has a 52 week low of GBX 196.00 and a 52 week high of GBX 300.10. The firm’s 50-day moving average is GBX 235.64 and its 200-day moving average is GBX 249.12. The stock’s market cap is GBX 358.97 million.

About Green Dragon Gas

Green Dragon Gas Ltd. is a Hong Kong-based investment holding company. The Company, through its subsidiaries, is engaged in the exploration, development and production of coal bed methane in the People’s Republic of China (PRC). The coal bed methane operations in the PRC are conducted through production sharing arrangements with China United Coal Bed Methane Corporation Ltd.

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