Shares of Columbus Energy Resources PLC (LON:CERP) traded up 5.8% during mid-day trading on Friday . The company traded as high as GBX 4.70 ($0.06) and last traded at GBX 4.55 ($0.06), 2,866,232 shares were traded during trading. An increase of 68% from the average session volume of 1,710,000 shares. The stock had previously closed at GBX 4.30 ($0.06).

Separately, VSA Capital reissued a “buy” rating on shares of Columbus Energy Resources in a research report on Thursday, August 22nd.

The firm has a market cap of $37.81 million and a P/E ratio of -15.17. The company has a current ratio of 0.64, a quick ratio of 0.53 and a debt-to-equity ratio of 2.33. The company’s 50-day moving average is GBX 3.21 and its two-hundred day moving average is GBX 2.92.

Columbus Energy Resources Company Profile (LON:CERP)

Columbus Energy Resources plc engages in the exploration, development, and production of oil and gas in Trinidad and Tobago, Spain, Cyprus, St Lucia, the United States, and the United Kingdom. It primarily holds a 100% interest in the Goudron Oilfield located in south-eastern Trinidad. The company was formerly known as LGO Energy plc and changed its name to Columbus Energy Resources plc in June 2017.

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