Amerisur Resources (AMER) Stock Price Down 18.5%

Amerisur Resources plc (LON:AMER) traded down 18.5% during mid-day trading on Wednesday . The company traded as low as GBX 12.34 ($0.16) and last traded at GBX 12.34 ($0.16). 16,883,571 shares changed hands during mid-day trading, an increase of 603% from the average session volume of 2,400,000 shares. The stock had previously closed at GBX 15.14 ($0.20).

Separately, Peel Hunt reiterated an “add” rating on shares of Amerisur Resources in a research note on Tuesday.

About Amerisur Resources (LON:AMER)

Amerisur Resources plc engages in exploration and production of oil and gas assets in Colombia and Paraguay. It has assets around the OBA pipeline and also across the wider Putumayo region, with 11 blocks in total covering 984,000 hectares gross. Amerisur Resources Plc was incorporated in 2000 and is based in Cardiff, the United Kingdom.

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