Europa Oil & Gas (LON:EOG) Shares Up 21.7% Following Insider Buying Activity

Shares of Europa Oil & Gas (Holdings) plc (LON:EOG) traded up 21.7% during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as GBX 2.19 and last traded at GBX 2.19. 18,144,986 shares were traded during mid-day trading, an increase of 198% from the average session volume of 6,097,845 shares. The stock had previously closed at GBX 1.80.

Specifically, insider Will Holland acquired 138,997 shares of Europa Oil & Gas stock in a transaction dated Tuesday, December 30th. The shares were purchased at an average cost of GBX 2 per share, for a total transaction of £2,779.94.

Europa Oil & Gas Trading Up 19.9%

The stock has a market capitalization of £20.70 million, a P/E ratio of -3.04 and a beta of 0.61. The stock’s fifty day moving average price is GBX 1.85 and its two-hundred day moving average price is GBX 1.15. The company has a current ratio of 2.01, a quick ratio of 1.91 and a debt-to-equity ratio of 0.32.

Europa Oil & Gas Company Profile

Europa Oil & Gas (Holdings) plc (AIM: EOG) has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms.