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LGO Energy looks overvalued and in trouble

By Gary Newman | Friday 21 August 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The share price of LGO Energy (LGO) has plummeted recently, but I still think it looks over-valued and wouldn’t be buying. At the start of the year I gave a sell recommendation on the company when the share price was around 3.5p, giving a market cap of circa £100 million, and since then it has fallen to its current level of 1.55p on the ask.


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