Clontarf Energy (LON:CLON) Shares Down 9.5% – Here’s Why

Clontarf Energy plc (LON:CLON)’s share price traded down 9.5% during mid-day trading on Friday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. 374,176 shares traded hands during trading, a decline of 99% from the average session volume of 35,334,906 shares. The stock had previously closed at GBX 0.02.

Clontarf Energy Trading Down 4.8%

The stock has a market cap of £1.64 million, a PE ratio of -6.67 and a beta of 0.28. The company’s 50 day moving average is GBX 0.02 and its 200-day moving average is GBX 0.02.

Clontarf Energy Company Profile

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.