Challenger Energy Group (LON:CEG) Shares Down 2.7% – Should You Sell?

Challenger Energy Group PLC (LON:CEG)’s share price was down 2.7% during trading on Wednesday . The stock traded as low as GBX 9 ($0.12) and last traded at GBX 9 ($0.12). Approximately 84,073 shares traded hands during trading, a decline of 92% from the average daily volume of 1,046,736 shares. The stock had previously closed at GBX 9.25 ($0.12).

Challenger Energy Group Trading Down 2.7 %

The business’s 50-day simple moving average is GBX 9.22 and its 200 day simple moving average is GBX 7.08. The company has a market capitalization of £27.71 million, a P/E ratio of -1.35 and a beta of 1.53.

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.