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Nu-Oil and Gas a volatile play, but you could double your money

Nu-Oil and Gas PLC (LON:NUOG) is a “very volatile play” according to Zak Mir, but if you’re brave enough to take the plunge you could almost double your money over the next few months.

In the latest segment of the Proactive Investors Bulletin Board, the analyst explains: “It’s a very volatile play and the chart reflects that.

“We had the move in October last year and since then we’ve seen consolidation at and just below the 50-day moving average at 0.45p.

“Really, while we’re above the 0.4p zone the chances are of a retest of the best levels of October towards 1p over the next few months.”

Quick facts: Nu-Oil and Gas PLC

Price: 0.0425 GBX

Market: AIM
Market Cap: £1.44 m

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