Cadogan Energy Solutions (LON:CAD) Trading Up 7.1% – Still a Buy?

Shares of Cadogan Energy Solutions PLC (LON:CAD) shot up 7.1% during mid-day trading on Tuesday . The company traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). 114,223 shares changed hands during trading, an increase of 10% from the average session volume of 104,058 shares. The stock had previously closed at GBX 4.20 ($0.05).

Cadogan Energy Solutions Price Performance

The business’s fifty day simple moving average is GBX 2.90 and its 200-day simple moving average is GBX 2.43. 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 firm has a market cap of £10.03 million, a P/E ratio of 411.00 and a beta of 0.67.

Insider Activity at Cadogan Energy Solutions

In other news, insider Michel Meeus acquired 12,433,651 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of GBX 5 ($0.06) per share, for a total transaction of £621,682.55 ($777,881.07). In the last three months, insiders have purchased 13,823,651 shares of company stock worth $67,728,255. 71.64% of the stock is owned by company 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.