Clontarf Energy (LON:CLON) Trading Up 25% – Still a Buy?

Clontarf Energy plc (LON:CLONGet Free Report) shot up 25% during mid-day trading on Friday . The company traded as high as GBX 0.03 and last traded at GBX 0.03. 93,216,375 shares were traded during trading, an increase of 8% from the average session volume of 86,402,594 shares. The stock had previously closed at GBX 0.02.

Clontarf Energy Price Performance

The stock has a market cap of £1.97 million, a P/E ratio of -8.00 and a beta of -0.02. The stock’s 50 day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.03.

About Clontarf Energy

(Get Free Report)

Clontarf Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves and other related activities. It holds 60% interest in the Tano 2A Block covering an area of 1,532 square kilometers located in Ghana. The company also focuses on exploring and developing Bolivian salt-lakes. In addition, it focuses on liquefied natural gas reserves located in Western Australia. The company was incorporated in 2003 and is headquartered in Dublin, Ireland.

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