Cadogan Energy Solutions (LON:CAD) Stock Price Down 12.1% – Time to Sell?

Cadogan Energy Solutions PLC (LON:CAD) was down 12.1% during trading on Tuesday . The stock traded as low as GBX 4 ($0.05) and last traded at GBX 4 ($0.05). Approximately 60,064 shares changed hands during trading, a decline of 65% from the average daily volume of 173,703 shares. The stock had previously closed at GBX 4.55 ($0.06).

Cadogan Energy Solutions Price Performance

The company has a current ratio of 19.35, a quick ratio of 10.11 and a debt-to-equity ratio of 0.54. The company has a market cap of £10.99 million, a price-to-earnings ratio of 450.00 and a beta of 0.67. The firm’s fifty day simple moving average is GBX 3.88 and its 200 day simple moving average is GBX 2.80.

Insiders Place Their Bets

In related news, insider Michel Meeus acquired 890,000 shares of Cadogan Energy Solutions stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of GBX 4 ($0.05) per share, for a total transaction of £35,600 ($44,505.56). Insiders bought 13,823,651 shares of company stock worth $67,728,255 in the last 90 days. Corporate insiders own 71.64% of the company’s stock.

About Cadogan Energy Solutions

Cadogan Energy Solutions PLC, together with its subsidiaries, engages in the exploration, development, and production of natural gas, oil, and condensate in Ukraine. It operates through Exploration and Production and Trading segments. The company holds working interest licenses in the west of Ukraine.