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Time to bank profit in Leni Oil & Gas

By Gary Newman | Monday 9 June 2014


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.


After the recent big rises on Leni Gas and Oil (LGO), banking at least some profit looks to be the sensible move. When you consider that the share price was a little over 0.7p as recently as April and has now risen to close to 4p, adding nearly £75 million to the company’s market cap, this one looks a little on the ripe side.


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