Cadogan Energy Solutions (LON:CAD) Hits New 12-Month High on Insider Buying Activity

Cadogan Energy Solutions PLC (LON:CADGet Free Report) hit a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07), with a volume of 603056 shares trading hands. The stock had previously closed at GBX 4.19 ($0.05).

Specifically, insider Michel Meeus bought 12,433,651 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of GBX 5 ($0.06) per share, with a total value of £621,682.55 ($788,737.06).

Cadogan Energy Solutions Price Performance

The company’s 50-day moving average price is GBX 2.39 and its two-hundred day moving average price is GBX 2.25. The company has a market cap of £12.21 million, a P/E ratio of 550.00 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.

Cadogan Energy Solutions Company Profile

(Get Free Report)

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.

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