Green Dragon Gas Ltd. (LON:GDG) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 60 ($0.78) and last traded at GBX 62.50 ($0.81), with a volume of 7,000 shares trading hands. The stock had previously closed at GBX 62.50 ($0.81).

Separately, Peel Hunt reduced their target price on Green Dragon Gas from GBX 240 ($3.10) to GBX 150 ($1.94) and set a “hold” rating for the company in a report on Friday, July 21st.

The company’s market capitalization is GBX 97.55 million. The company’s 50 day moving average is GBX 64.38 and its 200 day moving average is GBX 88.32.

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Green Dragon Gas Company Profile

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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