Challenger Energy Group (LON:CEG) Shares Down 7.7% – Time to Sell?

Shares of Challenger Energy Group PLC (LON:CEG) traded down 7.7% during trading on Monday . The company traded as low as GBX 7.50 ($0.09) and last traded at GBX 8.89 ($0.11). 744,581 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 1,733,536 shares. The stock had previously closed at GBX 9.63 ($0.12).

Challenger Energy Group Price Performance

The business’s fifty day moving average price is GBX 7.17 and its 200 day moving average price is GBX 5.80. The stock has a market cap of £18.66 million, a P/E ratio of -20.20 and a beta of 1.53. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.56 and a quick ratio of 0.89.

Challenger Energy Group Company Profile

Challenger Energy focuses on high impact, globally material assets. Its flagship assets are in Uruguay, a new global exploration hotspot, where they have assets with multiple billion-barrel prospects. The Company holds two high impact offshore exploration licences (AREA OFF-1 and AREA OFF-3), totalling 19,000km2 (gross), making it one of the largest acreage holder offshore Uruguay, and is the only junior with a position in this exciting new exploration province.