|Day's range||0.0000 - 0.0000|
|PE ratio (TTM)||-2.79|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Noble Group Ltd warned it would report a loss in its second quarter and said it had started a process to sell its global oil liquids business, as the embattled commodities trader seeks to cut debt. Singapore-listed Noble also said it struck a deal to sell its U.S. gas and power business to Mercuria for $248 million. Noble said it expected to report a loss in its second quarter and that it had seen significant challenges from markets and lenders and customers to manage and support its business after its first-quarter loss.
Noble Group Ltd. is seeking to sell its gas and power trading business and has held talks with rival traders, according to people familiar with the discussions.
Noble Group Ltd.’s newest major shareholder Goldilocks Investment Co. has raised its holding in the embattled commodity trader and now controls almost as much equity in the company as China’s sovereign ...