Columbus Energy Resources PLC (LON:CERP) rose 6.9% on Friday . The stock traded as high as GBX 3.15 ($0.04) and last traded at GBX 3.10 ($0.04). Approximately 3,334,635 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 1,710,000 shares. The stock had previously closed at GBX 2.90 ($0.04).
Separately, VSA Capital reaffirmed a “buy” rating on shares of Columbus Energy Resources in a research report on Wednesday.
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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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