Columbus Energy Resources PLC (LON:CERP) Releases Quarterly Earnings Results

Columbus Energy Resources PLC (LON:CERP) issued its earnings results on Wednesday, September 13th. The company reported GBX (0.40) (($0.01)) EPS for the quarter, Bloomberg Earnings reports. The business had revenue of GBX 246 million during the quarter. Columbus Energy Resources PLC had a negative return on equity of 86.66% and a negative net margin of 380.87%.

Shares of Columbus Energy Resources PLC (LON:CERP) traded down 3.977% on Friday, reaching GBX 4.225. 5,919,665 shares of the company were exchanged. The company’s 50-day moving average is GBX 2.71 and its 200-day moving average is GBX 2.54. The company’s market capitalization is GBX 22.78 million. Columbus Energy Resources PLC has a 52 week low of GBX 1.63 and a 52 week high of GBX 4.47.

Separately, VSA Capital reaffirmed a “buy” rating and set a GBX 22 ($0.30) target price on shares of Columbus Energy Resources PLC in a research note on Monday, September 11th.

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About Columbus Energy Resources PLC

Columbus Energy Resources plc, formerly LGO Energy plc, is an oil and gas exploration, development and production company. The Company has assets in Spain and Trinidad. The Company’s geographic segments include Spain, USA, Trinidad & Tobago, St. Lucia, Cyprus and UK. In Trinidad and Tobago, the Company, through various subsidiaries, holds interests in approximately three producing fields, such as Goudron, Icacos and Bonasse.

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