Star Energy Group (LON:STAR) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Star Energy Group Plc (LON:STAR) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 12.54 and traded as high as GBX 15.50. Star Energy Group shares last traded at GBX 15, with a volume of 222,283 shares changing hands.

Star Energy Group Price Performance

The firm’s 50-day moving average is GBX 12.54 and its 200-day moving average is GBX 9.93. The company has a debt-to-equity ratio of 35.13, a current ratio of 1.14 and a quick ratio of 0.38. The company has a market capitalization of £19.67 million, a P/E ratio of -1.42 and a beta of -0.20.

Insider Activity at Star Energy Group

In other Star Energy Group news, insider Ross Glover bought 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average cost of GBX 8 per share, for a total transaction of £960. Also, insider Frances Ward bought 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average price of GBX 8 per share, with a total value of £960. Insiders own 47.73% of the company’s stock.

About Star Energy Group

Star Energy Group plc is a British energy company. Our purpose is to provide for today’s energy, whilst transitioning to low-carbon sources of energy for tomorrow. Our strategy is to create value for shareholders, employees and communities by being a leading operator of oil and gas assets, renowned for operational excellence and strong safety standards, whilst actively developing and building a geothermal business of scale, as we transition to a renewable future.