Challenger Energy Group PLC (LON:CEG – Get Free Report) shares rose 6.7% on Tuesday . The stock traded as high as GBX 8 ($0.11) and last traded at GBX 8 ($0.11). Approximately 332,320 shares changed hands during trading, a decline of 49% from the average daily volume of 656,185 shares. The stock had previously closed at GBX 7.50 ($0.10).
Challenger Energy Group Price Performance
The firm has a market cap of £24.63 million, a P/E ratio of -1.20 and a beta of 1.53. The company’s 50-day moving average is GBX 7.67 and its two-hundred day moving average is GBX 8.50.
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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