Challenger Energy Group (LON:CEG) Trading 11% Higher – Here’s What Happened

Challenger Energy Group PLC (LON:CEGGet Free Report) shares traded up 11% on Friday . The stock traded as high as GBX 7.50 ($0.09) and last traded at GBX 7.49 ($0.09). 2,276,390 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 1,546,128 shares. The stock had previously closed at GBX 6.75 ($0.08).

Challenger Energy Group Stock Up 8.1 %

The company’s fifty day simple moving average is GBX 5.78 and its 200-day simple moving average is GBX 4.45. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.56 and a quick ratio of 0.89. The firm has a market capitalization of £15.32 million, a PE ratio of -16.59 and a beta of 1.53.

About Challenger Energy Group

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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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