Cadogan Energy Solutions (LON:CAD) Trading Down 13.5% – What’s Next?

Shares of Cadogan Energy Solutions PLC (LON:CAD) were down 13.5% on Wednesday . The stock traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). Approximately 200,318 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 176,243 shares. The stock had previously closed at GBX 5.20 ($0.07).

Cadogan Energy Solutions Stock Down 13.5 %

The firm has a 50 day simple moving average of GBX 4.64 and a two-hundred day simple moving average of GBX 3.29. The company has a market capitalization of £13.74 million, a PE ratio of 8.10 and a beta of 0.67. The company has a current ratio of 19.35, a quick ratio of 10.11 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Cadogan Energy Solutions

In related news, insider Michel Meeus bought 500,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £20,000 ($25,893.32). In the last ninety days, insiders have purchased 13,823,651 shares of company stock worth $67,728,255. 71.64% of the stock is currently owned by insiders.

About Cadogan Energy Solutions

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.