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Zak Mir: Eland Oil & Gas can rise to 85p

Eland is on a slow recovery trend

Oil producer Eland Oil & Gas PLC (LON:ELA)  has been on a slow recovery trend and could rise to 85p, the top of the channel, over the next 3-4 months believes technical analyst Zak Mir.

Quick facts: Eland Oil & Gas PLC

Price: 165.4 GBX

AIM:ELA
Market: AIM
Market Cap: £356.7 m
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