Europa Oil & Gas (LON:EOG) Hits New 52-Week Low – Here’s Why

Shares of Europa Oil & Gas (Holdings) plc (LON:EOG) reached a new 52-week low on Tuesday . The company traded as low as GBX 0.61 ($0.01) and last traded at GBX 0.75 ($0.01), with a volume of 2295120 shares trading hands. The stock had previously closed at GBX 0.70 ($0.01).

Europa Oil & Gas Price Performance

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 stock has a fifty day moving average of GBX 0.88 and a 200-day moving average of GBX 0.93. The firm has a market capitalization of £7.04 million, a P/E ratio of 23.50 and a beta of 0.61.

Insider Buying and Selling

In other Europa Oil & Gas news, insider Will Holland purchased 697,484 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £6,974.84 ($8,975.47). 13.50% of the stock is currently owned by company insiders.

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.