Cadogan Energy Solutions (LON:CAD) Shares Up 9.9% – Here’s Why

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

Cadogan Energy Solutions Trading Up 13.7 %

The company has a fifty day moving average of GBX 4.08 and a two-hundred day moving average of GBX 2.88. The company has a current ratio of 19.35, a quick ratio of 10.11 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of £16.49 million, a price-to-earnings ratio of 9.72 and a beta of 0.67.

Insider Buying and Selling

In related news, insider Michel Meeus bought 890,000 shares of Cadogan Energy Solutions stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of GBX 4 ($0.05) per share, for a total transaction of £35,600 ($44,740.48). In the last ninety days, insiders purchased 13,823,651 shares of company stock worth $67,728,255. 71.64% of the stock is currently owned by insiders.

About Cadogan Energy Solutions

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.