Challenger Energy Group (LON:CEG) Shares Up 20.2% – Time to Buy?

Challenger Energy Group PLC (LON:CEG) traded up 20.2% during trading on Tuesday . The company traded as high as GBX 10.95 ($0.15) and last traded at GBX 10.60 ($0.14). 1,136,414 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 627,653 shares. The stock had previously closed at GBX 8.82 ($0.12).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “no recommendation” rating on shares of Challenger Energy Group in a report on Tuesday, September 9th.

Challenger Energy Group Trading Up 24.7%

The firm has a market capitalization of £27.42 million, a price-to-earnings ratio of -2,244.90 and a beta of 1.53. The stock’s 50 day moving average price is GBX 7.85 and its two-hundred day moving average price is GBX 8.29.

Challenger Energy Group Company Profile

Challenger Energy focuses on high impact, globally material assets. Its flagship assets are in Uruguay, a new global exploration hotspot, where they have assets with multiple billion-barrel prospects. The Company holds two high impact offshore exploration licences (AREA OFF-1 and AREA OFF-3), totalling 19,000km2 (gross), making it one of the largest acreage holder offshore Uruguay, and is the only junior with a position in this exciting new exploration province.