Challenger Energy Group (LON:CEG) Trading 7.4% Higher – Here’s What Happened

Challenger Energy Group PLC (LON:CEGGet Free Report)’s share price rose 7.4% during trading on Wednesday . The company traded as high as GBX 13.50 and last traded at GBX 13. Approximately 2,492,772 shares were traded during mid-day trading, an increase of 288% from the average daily volume of 642,823 shares. The stock had previously closed at GBX 12.10.

Analyst Ratings Changes

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

Read Our Latest Report on CEG

Challenger Energy Group Trading Down 3.8%

The business’s 50 day moving average is GBX 11.77 and its two-hundred day moving average is GBX 9.28. The company has a market cap of £31.16 million, a PE ratio of -7.62 and a beta of 1.53.

About Challenger Energy Group

(Get Free Report)

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.

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