eEnergy Group (LON:EAAS) Stock Price Up 14.3% – Here’s Why

eEnergy Group Plc (LON:EAAS)’s share price shot up 14.3% on Thursday . The stock traded as high as GBX 4.78 ($0.06) and last traded at GBX 4.74 ($0.06). 2,289,101 shares traded hands during mid-day trading, an increase of 193% from the average session volume of 780,573 shares. The stock had previously closed at GBX 4.15 ($0.05).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 12 ($0.15) price objective on shares of eEnergy Group in a research report on Thursday.

eEnergy Group Price Performance

The company has a current ratio of 1.61, a quick ratio of 0.99 and a debt-to-equity ratio of 35.63. The company has a 50 day moving average of GBX 4.45 and a 200-day moving average of GBX 5.26. The firm has a market capitalization of £19.75 million, a P/E ratio of -7.30 and a beta of 1.40.

About eEnergy Group