Challenger Energy Group (LON:CEG) Shares Up 9.1% – Here’s Why

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

Challenger Energy Group Price Performance

The stock’s 50-day simple moving average is GBX 5.94 and its 200 day simple moving average is GBX 4.67. The company has a quick ratio of 0.89, a current ratio of 0.56 and a debt-to-equity ratio of 1.97. The company has a market cap of £18.89 million, a price-to-earnings ratio of -20.45 and a beta of 1.53.

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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