Columbus Energy Resources (LON:CERP) Trading 5.8% Higher
Columbus Energy Resources PLC (LON:CERP)’s stock price traded up 5.8% during mid-day trading on Friday . The stock traded as high as GBX 4.70 ($0.06) and last traded at GBX 4.55 ($0.06), 2,866,232 shares were traded during trading. An increase of 68% from the average session volume of 1,710,000 shares. The stock had previously closed at GBX 4.30 ($0.06).
Separately, VSA Capital reiterated a “buy” rating on shares of Columbus Energy Resources in a report on Thursday, August 22nd.
The firm’s fifty day moving average price is GBX 3.21 and its 200-day moving average price is GBX 2.92. The company has a market capitalization of $37.81 million and a price-to-earnings ratio of -15.17. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.64 and a quick ratio of 0.53.
Columbus Energy Resources plc engages in the exploration, development, and production of oil and gas in Trinidad and Tobago, Spain, Cyprus, St Lucia, the United States, and the United Kingdom. It primarily holds a 100% interest in the Goudron Oilfield located in south-eastern Trinidad. The company was formerly known as LGO Energy plc and changed its name to Columbus Energy Resources plc in June 2017.
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