Europa Oil & Gas (LON:EOG) Trading 5.3% Higher – Time to Buy?

Europa Oil & Gas (Holdings) plc (LON:EOG) rose 5.3% during trading on Friday . The stock traded as high as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 533,745 shares were traded during trading, a decline of 72% from the average daily volume of 1,919,710 shares. The stock had previously closed at GBX 0.95 ($0.01).

Europa Oil & Gas Stock Performance

The company’s 50-day moving average is GBX 0.85 and its two-hundred day moving average is GBX 0.92. The company has a market capitalization of £9.59 million, a P/E ratio of 23.50 and a beta of 0.61. The company has a quick ratio of 1.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.16.

Insider Activity

In other news, insider Will Holland acquired 697,484 shares of Europa Oil & Gas stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £6,974.84 ($8,803.28). Corporate insiders own 13.50% of the company’s stock.

Europa Oil & Gas Company Profile

Europa Oil & Gas (Holdings) plc, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the United Kingdom and Ireland. The company owns a working interest in the West Firsby and Crosby Warren fields, and a 65% non-operated interest in the Whisby W4 well located in the East Midlands; and the Inishkea prospect comprising FEL 4/19 licence located in the Slyne basin, Ireland.