Shares of Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report) were down 7.6% on Thursday . The stock traded as low as $7.30 and last traded at $7.37. Approximately 89,585 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 151,941 shares. The stock had previously closed at $7.98.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm lifted their price objective on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th.
Get Our Latest Research Report on KGEI
Kolibri Global Energy Price Performance
The firm has a market cap of $270.34 million, a P/E ratio of 15.88, a P/E/G ratio of 0.81 and a beta of 0.10. The firm's fifty day simple moving average is $7.53 and its 200 day simple moving average is $5.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67.
Hedge Funds Weigh In On Kolibri Global Energy
Several institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new position in shares of Kolibri Global Energy in the third quarter valued at $140,000. Millennium Management LLC raised its stake in Kolibri Global Energy by 47.0% during the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company's stock valued at $335,000 after purchasing an additional 20,135 shares in the last quarter. TFG Asset Management GP Ltd grew its position in Kolibri Global Energy by 37.7% in the fourth quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock worth $51,815,000 after acquiring an additional 2,669,067 shares in the last quarter. 683 Capital Management LLC bought a new stake in shares of Kolibri Global Energy in the 4th quarter valued at approximately $364,000. Finally, Truffle Hound Capital LLC bought a new stake in shares of Kolibri Global Energy in the 4th quarter valued at approximately $2,660,000. Hedge funds and other institutional investors own 27.26% of the company's stock.
Kolibri Global Energy Company Profile
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Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.
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