AWE Limited shares bounce off 52-week low

The AWE Limited share price is on the move

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Oil stocks

The AWE Limited (ASX:AWE) share price has jumped 3 cents higher to 46 cents.

Although this is now 15% higher than its 52-week low of 40 cents, the AWE share price has fallen almost 50% over the past 12 months.

According to Google Finance, AWE Limited is an Australia-based energy company, which is focused on upstream oil and gas opportunities.

Earlier this year a research note out of Macquarie revealed that its analysts downgraded AWE Limited from a hold rating to a sell after lowering its oil and gas forecasts for the year.

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