Europa Oil & Gas (LON:EOG) Trading Down 7.5%

Europa Oil & Gas (Holdings) plc (LON:EOG) dropped 7.5% during mid-day trading on Tuesday . The company traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.93 ($0.01). Approximately 3,346,366 shares changed hands during trading, an increase of 51% from the average daily volume of 2,214,813 shares. The stock had previously closed at GBX 1 ($0.01).

Europa Oil & Gas Price Performance

The company has a market capitalization of £10.07 million, a PE ratio of 23.50 and a beta of 0.45. The company has a quick ratio of 1.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is GBX 0.97 and its 200-day moving average is GBX 0.98.

Insiders Place Their Bets

In other news, insider Will Holland acquired 1,130,016 shares of Europa Oil & Gas stock in a transaction dated Monday, July 22nd. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £11,300.16 ($14,441.10). Corporate insiders own 12.44% of the company’s stock.

About Europa Oil & Gas

Europa Oil & Gas (Holdings) plc, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the United Kingdom and Ireland. The company owns a working interest in the West Firsby and Crosby Warren fields, and a 65% non-operated interest in the Whisby W4 well located in the East Midlands; and the Inishkea prospect comprising FEL 4/19 licence located in the Slyne basin, Ireland.