Cadogan Energy Solutions (LON:CAD) Stock Passes Above 50 Day Moving Average – What’s Next?

Cadogan Energy Solutions PLC (LON:CAD)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 3.01 ($0.04) and traded as high as GBX 4.48 ($0.06). Cadogan Energy Solutions shares last traded at GBX 4.48 ($0.06), with a volume of 73,276 shares changing hands.

Cadogan Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 19.35 and a quick ratio of 10.11. The firm has a market capitalization of £10.19 million, a PE ratio of 417.50 and a beta of 0.67. The company’s fifty day simple moving average is GBX 3.09 and its 200 day simple moving average is GBX 2.50.

Insider Activity

In other Cadogan Energy Solutions news, insider Michel Meeus acquired 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of GBX 4 ($0.05) per share, with a total value of £20,000 ($24,609.33). Insiders have acquired a total of 13,823,651 shares of company stock valued at $67,728,255 over the last quarter. 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.