Cadogan Energy Solutions (LON:CAD) Stock Price Up 9.9% – Should You Buy?

Shares of Cadogan Energy Solutions PLC (LON:CAD) rose 9.9% during trading on Friday . The stock traded as high as GBX 5.22 ($0.07) and last traded at GBX 5.22 ($0.07). Approximately 206,821 shares traded hands during trading, an increase of 30% from the average daily volume of 159,207 shares. The stock had previously closed at GBX 4.75 ($0.06).

Cadogan Energy Solutions Trading Up 25.3 %

The firm’s 50-day moving average price is GBX 4.20 and its 200 day moving average price is GBX 2.92. The company has a market cap of £18.17 million, a price-to-earnings ratio of 10.71 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 Activity

In related news, insider Michel Meeus acquired 500,000 shares of the firm’s stock in a transaction that occurred 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 ($25,173.06). Insiders have purchased a total of 13,823,651 shares of company stock worth $67,728,255 over the last ninety days. Company 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.