MAGNORA Stock Bullish Momentum With A 21% Jump In The Last 10 Sessions

(VIANEWS) – Shares of MAGNORA (Oslo Børs Benchmark Index_GI: MGN.OL) rose by a staggering 21.68% in 10 sessions from kr22.6 to kr27.50 at 17:37 EST on Thursday, following the last session’s upward trend. Oslo Børs Benchmark Index_GI is sliding 0.47% to kr1,210.96, after two sequential sessions in a row of losses.

MAGNORA’s last close was kr27.50, 3.68% below its 52-week high of kr28.55.

About MAGNORA

Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar photovoltaic (PV) projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.

Earnings Per Share

As for profitability, MAGNORA has a trailing twelve months EPS of kr0.21.

PE Ratio

MAGNORA has a trailing twelve months price to earnings ratio of 130.95. Meaning, the purchaser of the share is investing kr130.95 for every norwegian krone of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 1.29%.

Volatility

MAGNORA’s last week, last month’s, and last quarter’s current intraday variation average was 4.05%, 0.82%, and 2.17%.

MAGNORA’s highest amplitude of average volatility was 4.79% (last week), 2.25% (last month), and 2.17% (last quarter).

Moving Average

MAGNORA’s worth is way above its 50-day moving average of kr22.49 and way above its 200-day moving average of kr22.77.

Earnings Before Interest, Taxes, Depreciation, and Amortization

MAGNORA’s EBITDA is 16.87.

More news about MAGNORA (MGN.OL).

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