Challenger Energy Group (LON:CEG) Shares Up 10.7% – Still a Buy?

Challenger Energy Group PLC (LON:CEGGet Free Report)’s stock price was up 10.7% during trading on Friday . The company traded as high as GBX 7.50 ($0.09) and last traded at GBX 7.47 ($0.09). Approximately 2,318,637 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 1,567,251 shares. The stock had previously closed at GBX 6.75 ($0.08).

Challenger Energy Group Price Performance

The firm’s 50 day simple moving average is GBX 5.76 and its two-hundred day simple moving average is GBX 4.40. The firm has a market capitalization of £15.32 million, a P/E ratio of -16.59 and a beta of 1.53. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.56 and a quick ratio of 0.89.

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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