Challenger Energy Group (LON:CEG) Trading 9.1% Higher – Here’s Why

Challenger Energy Group PLC (LON:CEGGet Free Report) was up 9.1% on Saturday . The stock traded as high as GBX 10 ($0.12) and last traded at GBX 9 ($0.11). Approximately 5,488,671 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 2,272,807 shares. The stock had previously closed at GBX 8.25 ($0.10).

Challenger Energy Group Price Performance

The business has a 50 day simple moving average of GBX 6 and a 200-day simple moving average of GBX 4.70. The company has a market capitalization of £18.89 million, a P/E ratio of -20.45 and a beta of 1.53. The company has a quick ratio of 0.89, a current ratio of 0.56 and a debt-to-equity ratio of 1.97.

Challenger Energy Group Company Profile

(Get Free Report)

Challenger Energy is a Caribbean and Americas focused oil and gas company, with a range of onshore and offshore oil and gas assets in the region. The Company’s primary focus is on its Uruguay exploration acreage and its Trinidad production business

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