Following the operations update and two further wellhead IPP projects announced this morning by Andalas Energy & Power (ADL), analysts at broker Cantor Fitzgerald have today reiterated their ‘Buy’ rating and 0.5p target price. According to the analyst this now indicates a potential increase of 426.32% from Andalas Energy & Power PLC’s current price of 0.1p.
There are currently 2,493,167,000 shares in issue with a current share value of 0.1 giving Andalas Energy & Power PLC a market capitalisation of £2.37m. ADL stock has a 50 day moving average of 0.12p and a 200 day moving average of 0.12p. The 52 week high for the share price is 0.45 while the 52 week low for the stock is 0.08.