Hurricane Energy (LON:HUR) Trading 4.8% Higher – Here’s What Happened

Hurricane Energy plc (LON:HUR) shares shot up 4.8% on Wednesday . The stock traded as high as GBX 7.92 ($0.10) and last traded at GBX 7.79 ($0.10). 15,350,438 shares changed hands during mid-day trading, an increase of 155% from the average session volume of 6,025,541 shares. The stock had previously closed at GBX 7.43 ($0.09).

Hurricane Energy Price Performance

The firm’s fifty day moving average price is GBX 7.79 and its two-hundred day moving average price is GBX 7.79. The stock has a market cap of £155.02 million, a price-to-earnings ratio of 194.75, a price-to-earnings-growth ratio of -0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 88.96, a current ratio of 1.91 and a quick ratio of 1.65.

Hurricane Energy Company Profile

Hurricane Energy plc, together with its subsidiaries, discovers, appraises, and develops hydrocarbon resources from fractured basement reservoirs on the United Kingdom Continental Shelf, West of Shetland. Its licenses focused on the Rona Ridge; and assets comprise Lancaster, Lincoln, Halifax, and Warwick Crest.