Prospex Energy (LON:PXEN) Posts Earnings Results

Prospex Energy (LON:PXEN) announced its earnings results on Tuesday. The company reported GBX (0.01) ($0.00) EPS for the quarter, Digital Look Earnings reports.

Prospex Energy Trading Up 4.0%

Shares of Prospex Energy stock opened at GBX 5.20 ($0.07) on Wednesday. Prospex Energy has a 12-month low of GBX 4.70 ($0.06) and a 12-month high of GBX 8.93 ($0.12). The company has a market cap of £21.40 million, a P/E ratio of -28,618.60 and a beta of -0.49. The company’s fifty day simple moving average is GBX 5.79 and its two-hundred day simple moving average is GBX 6.59.

About Prospex Energy

Prospex is an investment company focused on high impact onshore and shallow offshore European opportunities with short timelines to production. Utilising the team’s proven track record and global experience, the Company is looking to acquire low capex, undervalued projects in Europe’s oil and gas sector with a particular preference for late stage, drill-ready exploration with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.