Cadogan Energy Solutions (LON:CAD) Trading Down 13.5% – What’s Next?

Cadogan Energy Solutions PLC (LON:CAD)’s share price was down 13.5% on Wednesday . The company traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). Approximately 200,318 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 176,243 shares. The stock had previously closed at GBX 5.20 ($0.07).

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 stock has a market capitalization of £13.74 million, a PE ratio of 8.10 and a beta of 0.67. The stock has a 50 day moving average of GBX 4.64 and a two-hundred day moving average of GBX 3.29.

Insider Activity at Cadogan Energy Solutions

In other news, insider Michel Meeus bought 500,000 shares of the firm’s stock in a transaction 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 ($25,893.32). Insiders have acquired a total of 13,823,651 shares of company stock worth $67,728,255 over the last three months. 71.64% of the stock is currently owned by corporate insiders.

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.