Green Dragon Gas Ltd. (GDG) Given New GBX 593 Price Target at Peel Hunt

Green Dragon Gas Ltd. (LON:GDG) had its price objective boosted by Peel Hunt from GBX 561 ($7.32) to GBX 593 ($7.74) in a research note released on Tuesday. Peel Hunt currently has a buy rating on the stock.

Green Dragon Gas (LON:GDG) remained flat at GBX 235.00 during trading on Tuesday. The company had a trading volume of 2,384 shares. The firm’s 50 day moving average price is GBX 241.44 and its 200 day moving average price is GBX 251.59. Green Dragon Gas has a 1-year low of GBX 196.00 and a 1-year high of GBX 300.10. The firm’s market capitalization is GBX 366.77 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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