Cadogan Energy Solutions (LON:CAD) Trading Up 7.1% – Here’s Why

Cadogan Energy Solutions PLC (LON:CAD)’s share price rose 7.1% during trading on Tuesday . The stock traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). Approximately 114,223 shares changed hands during trading, an increase of 10% from the average daily volume of 104,058 shares. The stock had previously closed at GBX 4.20 ($0.05).

Cadogan Energy Solutions Price Performance

The business has a 50 day simple moving average of GBX 2.90 and a two-hundred day simple moving average of GBX 2.43. The firm has a market capitalization of £10.03 million, a P/E ratio of 411.00 and a beta of 0.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 10.11 and a current ratio of 19.35.

Insider Buying and Selling

In related news, insider Michel Meeus acquired 500,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of GBX 4 ($0.05) per share, with a total value of £20,000 ($25,025.03). Over the last three months, insiders have purchased 13,823,651 shares of company stock worth $67,728,255. Insiders own 71.64% of the company’s stock.

About Cadogan Energy Solutions

Cadogan Energy Solutions PLC, together with its subsidiaries, engages in the exploration, development, and production of natural gas, oil, and condensate in Ukraine. It operates through Exploration and Production and Trading segments. The company holds working interest licenses in the west of Ukraine.