Georgina Energy (LON:GEX) Shares Down 6.1% – Here’s Why

Georgina Energy (LON:GEX)’s stock price was down 6.1% during mid-day trading on Wednesday . The stock traded as low as GBX 6.63 and last traded at GBX 6.95. Approximately 2,727,749 shares were traded during trading, a decline of 21% from the average daily volume of 3,436,766 shares. The stock had previously closed at GBX 7.40.

Georgina Energy Price Performance

The company has a market cap of £9.35 million and a P/E ratio of -0.19. The company’s 50-day simple moving average is GBX 3.32.

Georgina Energy (LON:GEX) last issued its earnings results on Monday, October 27th. The company reported GBX (1.08) EPS for the quarter.

Georgina Energy Company Profile

Georgina Energy is a Helium & Hydrogen development and production company, based in Australia.

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team’s expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.