Cadogan Energy Solutions (LON:CAD) Trading Down 16.8% – What’s Next?

Cadogan Energy Solutions PLC (LON:CAD) shares dropped 16.8% during trading on Tuesday . The stock traded as low as GBX 4.16 ($0.05) and last traded at GBX 4.16 ($0.05). Approximately 275,798 shares traded hands during trading, an increase of 165% from the average daily volume of 104,058 shares. The stock had previously closed at GBX 5 ($0.06).

Cadogan Energy Solutions Stock Performance

The firm’s 50 day moving average is GBX 2.53 and its 200-day moving average is GBX 2.29. The firm has a market cap of £9.46 million, a price-to-earnings ratio of 387.50 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 at Cadogan Energy Solutions

In other news, insider Michel Meeus purchased 12,433,651 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of GBX 5 ($0.06) per share, with a total value of £621,682.55 ($781,597.37). Insiders own 71.64% of the company’s stock.

Cadogan Energy Solutions Company Profile

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.