Star Energy Group (LON:STAR) Stock Crosses Above 200 Day Moving Average – Here’s Why

Star Energy Group Plc (LON:STAR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.74 and traded as high as GBX 25. Star Energy Group shares last traded at GBX 23.55, with a volume of 185,059 shares.

Star Energy Group Price Performance

The firm has a fifty day moving average price of GBX 19.43 and a two-hundred day moving average price of GBX 15.74. The company has a quick ratio of 0.38, a current ratio of 1.23 and a debt-to-equity ratio of 51.35. The stock has a market capitalization of £45.37 million, a P/E ratio of -4.21 and a beta of -0.20.

Insider Activity

In other news, insider Ross Glover bought 6,102 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was acquired at an average cost of GBX 15 per share, with a total value of £915.30. Also, insider Frances Ward bought 6,102 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was purchased at an average cost of GBX 15 per share, with a total value of £915.30. Corporate insiders own 32.79% of the company’s stock.

About Star Energy Group

Star Energy Group plc is a British energy company. Our purpose is to provide for today’s energy, whilst transitioning to low-carbon sources of energy for tomorrow. Our strategy is to create value for shareholders, employees and communities by being a leading operator of oil and gas assets, renowned for operational excellence and strong safety standards, whilst actively developing and building a geothermal business of scale, as we transition to a renewable future.