Europa Oil & Gas (LON:EOG) Trading 8.4% Higher – Should You Buy?

Europa Oil & Gas (Holdings) plc (LON:EOG)’s stock price was up 8.4% during trading on Thursday . The company traded as high as GBX 1.50 ($0.02) and last traded at GBX 1.46 ($0.02). Approximately 2,721,398 shares traded hands during trading, a decline of 54% from the average daily volume of 5,933,792 shares. The stock had previously closed at GBX 1.35 ($0.02).

Europa Oil & Gas Trading Up 16.6%

The company has a quick ratio of 1.91, a current ratio of 2.01 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of GBX 0.90 and a 200 day simple moving average of GBX 0.68. The firm has a market capitalization of £15.10 million, a P/E ratio of -221.69 and a beta of 0.61.

Europa Oil & Gas (LON:EOG) last posted its quarterly earnings results on Monday, September 15th. The company reported GBX (0.13) EPS for the quarter. Europa Oil & Gas had a negative net margin of 190.16% and a negative return on equity of 102.27%. As a group, research analysts forecast that Europa Oil & Gas will post 40.5714332 EPS for the current year.

Insider Transactions at Europa Oil & Gas

In other news, insider Bo Krøll bought 4,800,000 shares of Europa Oil & Gas stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of GBX 1 per share, with a total value of £48,000. Also, insider Will Holland bought 838,759 shares of Europa Oil & Gas stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of GBX 1 per share, for a total transaction of £8,387.59. 18.08% of the stock is owned by company insiders.

About Europa Oil & Gas

Europa Oil & Gas (Holdings) plc (AIM: EOG) has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms.