Europa Oil & Gas (LON:EOG) Trading Up 5.3% – Here’s Why

Shares of Europa Oil & Gas (Holdings) plc (LON:EOG) shot up 5.3% during mid-day trading on Friday . The stock traded as high as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). 533,745 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 1,919,710 shares. The stock had previously closed at GBX 0.95 ($0.01).

Europa Oil & Gas Stock Up 5.3 %

The firm’s 50-day simple moving average is GBX 0.86 and its 200 day simple moving average is GBX 0.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.91 and a current ratio of 1.59. The stock has a market capitalization of £9.59 million, a P/E ratio of 23.50 and a beta of 0.61.

Insider Buying and Selling

In related news, insider Will Holland purchased 697,484 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of GBX 1 ($0.01) per share, with a total value of £6,974.84 ($8,803.28). 13.50% of the stock is currently owned by corporate insiders.

About Europa Oil & Gas

Europa Oil & Gas (Holdings) plc, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the United Kingdom and Ireland. The company owns a working interest in the West Firsby and Crosby Warren fields, and a 65% non-operated interest in the Whisby W4 well located in the East Midlands; and the Inishkea prospect comprising FEL 4/19 licence located in the Slyne basin, Ireland.