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

Star Energy Group Plc (LON:STAR) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 17.45 and traded as high as GBX 18. Star Energy Group shares last traded at GBX 17, with a volume of 7,377 shares trading hands.

Star Energy Group Trading Down 5.6%

The stock has a market cap of £32.75 million, a PE ratio of -3.04 and a beta of -0.20. The business’s fifty day moving average is GBX 17.45 and its 200 day moving average is GBX 14.24. The company has a quick ratio of 0.38, a current ratio of 1.23 and a debt-to-equity ratio of 51.35.

Star Energy Group (LON:STAR) last issued its earnings results on Wednesday, April 29th. The company reported GBX (5.59) earnings per share (EPS) for the quarter. Star Energy Group had a negative net margin of 21.04% and a negative return on equity of 19.41%. The company had revenue of GBX 3,472 million during the quarter. As a group, analysts predict that Star Energy Group Plc will post 4.9295775 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ross Glover sold 289,541 shares of Star Energy Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 16, for a total transaction of £46,326.56. Also, insider Frances Ward sold 60,475 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 16, for a total value of £9,676. Corporate insiders own 32.78% of the company’s stock.

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.