Cadogan Energy Solutions (LON:CAD) Trading Down 9.5% – Here’s Why

Cadogan Energy Solutions PLC (LON:CAD) was down 9.5% during mid-day trading on Monday . The company traded as low as GBX 3.78 ($0.05) and last traded at GBX 3.78 ($0.05). Approximately 281,426 shares were traded during trading, an increase of 45% from the average daily volume of 193,902 shares. The stock had previously closed at GBX 4.18 ($0.05).

Cadogan Energy Solutions Stock Up 2.0 %

The company has a market capitalization of £10.40 million, a price-to-earnings ratio of 426.00 and a beta of 0.67. The business’s 50-day moving average is GBX 3.23 and its 200-day moving average is GBX 2.56. The company has a quick ratio of 10.11, a current ratio of 19.35 and a debt-to-equity ratio of 0.54.

Insider Activity at Cadogan Energy Solutions

In other news, insider Michel Meeus acquired 12,433,651 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of GBX 5 ($0.06) per share, with a total value of £621,682.55 ($758,982.48). Insiders acquired 13,823,651 shares of company stock worth $67,728,255 over the last three months. Company insiders own 71.64% of the company’s stock.

About Cadogan Energy Solutions

Cadogan Energy Solutions PLC, together with its subsidiaries, engages in the exploration, development, and production of natural gas, oil, and condensate in Ukraine. It operates through Exploration and Production and Trading segments. The company holds working interest licenses in the west of Ukraine.