Challenger Energy Group (LON:CEG) Trading Up 5.9% – Still a Buy?

Challenger Energy Group PLC (LON:CEG)’s stock price was up 5.9% on Wednesday . The stock traded as high as GBX 12 ($0.16) and last traded at GBX 11.65 ($0.16). Approximately 2,142,734 shares traded hands during trading, an increase of 236% from the average daily volume of 638,480 shares. The stock had previously closed at GBX 11 ($0.15).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “no recommendation” rating on shares of Challenger Energy Group in a report on Tuesday, September 9th.

Challenger Energy Group Stock Up 5.9%

The business’s 50-day moving average is GBX 7.92 and its two-hundred day moving average is GBX 8.30. The stock has a market capitalization of £29.04 million, a price-to-earnings ratio of -2,377.55 and a beta of 1.53.

Challenger Energy Group Company Profile

Challenger Energy focuses on high impact, globally material assets. Its flagship assets are in Uruguay, a new global exploration hotspot, where they have assets with multiple billion-barrel prospects. The Company holds two high impact offshore exploration licences (AREA OFF-1 and AREA OFF-3), totalling 19,000km2 (gross), making it one of the largest acreage holder offshore Uruguay, and is the only junior with a position in this exciting new exploration province.