VSA Capital reiterated their buy rating on shares of Egdon Resources (LON:EDR) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.

Shares of EDR stock remained flat at $GBX 5 ($0.07) on Thursday. The stock had a trading volume of 92,500 shares, compared to its average volume of 126,635. Egdon Resources has a twelve month low of GBX 4 ($0.05) and a twelve month high of GBX 9.40 ($0.12). The company has a market capitalization of $15.17 million and a P/E ratio of -7.14. The company has a 50-day moving average of GBX 4.89 and a 200 day moving average of GBX 5.38.

About Egdon Resources

Egdon Resources plc, together with its subsidiaries, engages in the exploration and production of hydrocarbons in the United Kingdom and France. It holds 44 licenses in the proven oil and gas producing basins. The company was formerly known as New Egdon plc and changed its name to Egdon Resources plc in January 2008.

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