Capricorn Energy (LON:CNE) Hits New 12-Month High – Here’s What Happened

Shares of Capricorn Energy PLC (LON:CNE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 243.50 ($3.08) and last traded at GBX 243.50 ($3.08), with a volume of 32990 shares. The stock had previously closed at GBX 229.50 ($2.90).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 260 ($3.29) target price on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Stock Up 6.1 %

The firm has a market capitalization of £170.28 million, a price-to-earnings ratio of -566.28, a P/E/G ratio of -1.92 and a beta of 1.35. The business has a 50 day simple moving average of GBX 212.39 and a 200-day simple moving average of GBX 200.49. The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.