NG Energy International (GASX) Stock Price Prediction from 2024 to 2045 (Complete Information)

NG Energy International is a Canada-based publicly traded company (on TSX under ticker GASX) that deals in the oil and gas sector. Currently NG Energy International has undertaken the goal to establish itself as the next biggest company of Columbia in its sector. Two major areas in which TSX: GASX runs its oil exploration are SN9 block (situated in Lower Magdalena Basin, expanding over 311K acres of land) and the Maria Conchita Block.

The promises of NG Energy International seem impressive. But, will the shares of the company react to the promises – let’s find out in this article made on NG Energy International (GASX) Stock Price Prediction from 2024 – 2045.

NG Energy International (GASX) Stock Price Prediction 2024 – 2045

NG Energy International (GASX) Stock Price Prediction 2024

NG Energy International stepped in the current year at the rate of 0.96 CAD per share on 2nd January 2024. Five months later, in May. the stock reached its lowest value of the year till now, i.e. 0.87 CAD. The expected price NG Energy International by the end of the year is 1.15 CAD.

NG Energy International (GASX) Stock Price Prediction 2025

The average price of the stock of NG Energy International (GASX) for 2025 will be CAD 1.287, with a high forecast of CAD 1.392, and a lower forecast of CAD 1.187.

NG Energy International (GASX) Stock Price Prediction 2026

The average price of the stock of NG Energy International (GASX) for 2026 will be CAD 1.532, with a high forecast of CAD 1.657, and a lower forecast of CAD 1.413.

NG Energy International (GASX) Stock Price Prediction 2027

The average price of the stock of NG Energy International (GASX) for 2027 will be CAD 1.823, with a high forecast of CAD 1.972, and a lower forecast of CAD 1.681.

NG Energy International (GASX) Stock Price Prediction 2028

The average price of the stock of NG Energy International (GASX) for 2028 will be CAD 2.169, with a high forecast of CAD 2.346, and a lower forecast of CAD 2.000.

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NG Energy International (GASX) Stock Price Prediction 2029

The average price of the stock of NG Energy International (GASX) for 2029 will be CAD 2.581, with a high forecast of CAD 2.792, and a lower forecast of CAD 2.381.

NG Energy International (GASX) Stock Price Prediction 2030

The average price of the stock of NG Energy International (GASX) for 2030 will be CAD 3.072, with a high forecast of CAD 3.323, and a lower forecast of CAD 2.833.

NG Energy International (GASX) Stock Price Prediction 2035

The average price of the stock of NG Energy International (GASX) for 2035 will be CAD 7.330, with a high forecast of CAD 7.929, and a lower forecast of CAD 6.760.

NG Energy International (GASX) Stock Price Prediction 2040

The average price of the stock of NG Energy International (GASX) for 2040 will be CAD 17.493, with a high forecast of CAD 18.921, and a lower forecast of CAD 16.132.

NG Energy International (GASX) Stock Price Prediction 2045

The average price of the stock of NG Energy International (GASX) for 2045 will be CAD 41.744, with a high forecast of CAD 45.151, and a lower forecast of CAD 38.496.

NG Energy International (GASX) Stock Price – Historical Pricing:

NG Energy International (GASX) Stock Price 2014

Though 2014’s journey for NG Energy International started on a negative note with the share losing 18.75% price in January, but in the next four months, the stock got on a quite strong upward momentum and reached 280 CAD. And that point of time, NG Energy International (GASX) got on a strong downtrend which is the reason why the share price was down to just 52 CAD by the year-end.

NG Energy International (GASX) Stock Price 2015

Only four months turned out to close higher than previous months LTP for NG Energy International (GASX) in 2015. The main fall was observed in the stock in the months of June and October. There was a failed attempt made by the stock to surf on an upward wave as it grew 20% and 16.67% in two consecutive months in April and May. In December, GASX closed 16.67% higher at 24.50 CAD.

NG Energy International (GASX) Stock Price 2016

In 2016, we saw some strange gap-up openings (just like the one in February when the stock closed 87.5% higher) as well as some very large falls in the candlestick, especially the one that occurred in June as the stock lost 86.61% of its value. After moving down by 27.27% lower, GASX closed at 4 CAD in 2016.

NG Energy International (GASX) Stock Price 2017

After the huge blow to GASX in June ‘16, it started 2017 with a blow of 55% and 69.35% upward momentum in January and February respectively. But, due to large negative volume, from March the stock started moving downwards and ended 2017 at 3.85 CAD.

NG Energy International (GASX) Stock Price 2018

NG Energy International started getting back-to-back blows in 2018. The price of the stock almost collapsed in 2018; -41% in March, -54% in April, -23% in May, -50% in July, and 32% in December (closing price 0.160 CAD). June and September were the only two months in the year when GASX closed in green.

NG Energy International (GASX) Stock Price 2019

We finally got to see some growth price in the stock of NG Energy International in 2019. This growth was led by some months like April, May and July when the stock closed 23%, 72% and 51% higher respectively. As the final bell rang for 2019, GASX closed at 0.255 CAD for 2019.

NG Energy International (GASX) Stock Price 2020

The main growth of the stock that came in 2020, came from May 2020 onwards. In the month of July, within one month, the stock price climbed up by 107.14 which took the price to 0.60 CAD. In the last month of the year, after touching the value of 1 CAD, it stopped trading at 0.98 CAD.

NG Energy International (GASX) Stock Price 2021

The chart of NG Energy International for 2021 was characterized by an amazing 55% growth in January, followed by some consecutive downfall till July and then an uptrend till the end of the year when the stock ended at 2.31 CAD for that year.

NG Energy International (GASX) Stock Price 2022 and 2023

The opening price of TSXV: GASX for 2022 was 2.31 CAD and for 2023 it was 0.93 CAD. In both 2022 and 2023, the stock closed in December in a red candle, at 0.95 CAD in 2022 and 0.99 CAD in 2023.

NG Energy International (GASX) Stock – Technical Analysis:

Chart and trend analysis:

On a monthly time frame, it seems that the trend of GASX is currently positive – however, the indication is not quite reliable as the trend is not much clear and much weaker to signal it concretely as an “uptrend”.

Support and resistance analysis:

If the share price of NG Energy International (GASX) starts to fall down, it may take support around the level of 0.77 CAD. On the other hand, if the share price of TSXV: GASX continues to rise, it will face a resistance around the level of 1.18 CAD.

NG Energy International (GASX) Stock – Fundamental Analysis:

Company financial overview:

Currently the market cap of NG Energy International is 227.52M CAD. Due to the company reporting a negative income in the last financial year, it does not have a P/E ratio, also the company does not pay any dividend to its investors.

Performance overview:

Compared to the penultimate year’s reported revenue (1.89M CAD), the last year, the company saw a huge boost in the revenue, which was reported at 13.59M CAD. The number for net income of GASX increased from 686.97% in 2022 to -1656.66% in 2023.

Disclaimer

The stock price predictions are hypothetical, not financial advice. The author and blog are not responsible for any financial losses.

FAQ

Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.