Star Energy Group (LON:STAR) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Star Energy Group Plc (LON:STAR) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 12.54 and traded as high as GBX 15.50. Star Energy Group shares last traded at GBX 15, with a volume of 222,283 shares changing hands.

Star Energy Group Stock Performance

The company has a debt-to-equity ratio of 35.13, a quick ratio of 0.38 and a current ratio of 1.14. The stock’s fifty day moving average price is GBX 12.77 and its 200-day moving average price is GBX 10.03. The company has a market capitalization of £18.62 million, a P/E ratio of -1.35 and a beta of -0.20.

Insider Transactions at Star Energy Group

In other news, insider Ross Glover bought 12,000 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were bought at an average cost of GBX 8 per share, with a total value of £960. Also, insider Frances Ward purchased 12,000 shares of the stock in a transaction on Tuesday, January 27th. The stock was bought at an average cost of GBX 8 per share, for a total transaction of £960. 47.73% of the stock is currently owned by corporate insiders.

About Star Energy Group

Star Energy Group plc is a British energy company. Our purpose is to provide for today’s energy, whilst transitioning to low-carbon sources of energy for tomorrow. Our strategy is to create value for shareholders, employees and communities by being a leading operator of oil and gas assets, renowned for operational excellence and strong safety standards, whilst actively developing and building a geothermal business of scale, as we transition to a renewable future.