Cadogan Petroleum (LON:CAD) Stock Price Passes Below 50 Day Moving Average of $6.14

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Cadogan Petroleum Plc (LON:CAD)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.14 and traded as low as $5.00. Cadogan Petroleum shares last traded at $5.15, with a volume of 140,444 shares trading hands.

The firm’s 50-day simple moving average is GBX 6.05 and its 200 day simple moving average is GBX 8.02. The company has a market cap of $12.08 million and a P/E ratio of 3.01.

Cadogan Petroleum Company Profile (LON:CAD)

Cadogan Petroleum plc, together with its subsidiaries, engages in the development, exploration, and production of onshore gas, condensate, and oil assets in Ukraine. It operates through Exploration and Production, Service, and Trading segments. As of December 31, 2017, the company held working interests in four license areas, such as Bitlyanska, Debeslavetska, Cheremkhivska, and Monastyretska that are located in the Carpathian basin.

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