Challenger Energy Group PLC (LON:CEG – Get Free Report)’s share price dropped 4.4% on Wednesday . The stock traded as low as GBX 8.70 ($0.12) and last traded at GBX 8.70 ($0.12). Approximately 234,227 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 934,590 shares. The stock had previously closed at GBX 9.10 ($0.12).
Challenger Energy Group Stock Performance
The stock’s fifty day simple moving average is GBX 9.17 and its 200-day simple moving average is GBX 7.66. The stock has a market cap of £26.78 million, a P/E ratio of -1.30 and a beta of 1.53.
Challenger Energy Group Company Profile
Challenger Energy focuses on high impact, globally material assets. Its flagship assets are in Uruguay, a new global exploration hotspot, where they have assets with multiple billion-barrel prospects. The Company holds two high impact offshore exploration licences (AREA OFF-1 and AREA OFF-3), totalling 19,000km2 (gross), making it one of the largest acreage holder offshore Uruguay, and is the only junior with a position in this exciting new exploration province.
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