Prospex Energy (LON:PXEN) Insider Tom Reynolds Acquires 698,549 Shares

Prospex Energy Plc (LON:PXEN) insider Tom Reynolds bought 698,549 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was bought at an average cost of GBX 4 per share, for a total transaction of £27,941.96.

Prospex Energy Stock Up 10.9%

Shares of Prospex Energy stock opened at GBX 3.55 on Friday. Prospex Energy Plc has a 1 year low of GBX 2.10 and a 1 year high of GBX 5.70. The business has a 50-day moving average of GBX 3.25 and a two-hundred day moving average of GBX 3.16. The company has a market capitalization of £15.40 million, a P/E ratio of -5.30 and a beta of -0.49. The company has a debt-to-equity ratio of 2.34, a current ratio of 98.98 and a quick ratio of 3.20.

Prospex Energy (LON:PXEN) last announced its quarterly earnings results on Thursday, May 28th. The company reported GBX (0.67) earnings per share (EPS) for the quarter.

Prospex Energy Company Profile

Prospex Energy Plc (AIM: PXEN) is an investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company is building a sizeable oil and gas investment portfolio and has working interests in three natural gas fields, two in Spain – the Viura gas field and El Romeral, and one in Italy – the Selva Malvezzi concession, which are operated by the Company’s partners. Prospex has also initiated applications for open-acreage exploration permits in Poland.

Prospex’s strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.