Challenger Energy Group (LON:CEG) Shares Up 8.1% – Here’s Why

Challenger Energy Group PLC (LON:CEG) witnessed a significant increase in its share price, rising by 8.1% during trading on Saturday. The shares peaked at GBX 7.59 ($0.09) before eventually last trading at GBX 7.30 ($0.09). Throughout mid-day trading, around 1,136,025 shares changed hands, marking a 16% rise in volume compared to the average daily trading volume of 975,945 shares. Prior to this surge, the stock had closed at GBX 6.75 ($0.08).

Challenger Energy Group Stock Performance

Examining the stock's performance over a longer period reveals that Challenger Energy Group has a 50-day moving average price of GBX 5.78 and a 200-day moving average price of GBX 4.48. The company's financial ratios show a debt-to-equity ratio of 1.97, a quick ratio of 0.89, and a current ratio of 0.56. Challenger Energy Group has a market capitalization of £15.32 million, with a price-to-earnings ratio of -16.59, alongside a beta of 1.53, indicating its volatility relative to the market.

Challenger Energy Group Company Profile

Challenger Energy Group operates primarily in the Caribbean and Americas, focusing on oil and gas exploration and production. The company boasts a range of assets both onshore and offshore within this region. Its main areas of interest include exploration activities in Uruguay and production operations in Trinidad.

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Challenger, Energy, Stock