Prospex Energy (LON:PXEN) Insider Acquires £15,000 in Stock

Prospex Energy Plc (LON:PXEN) insider Tom Reynolds bought 500,000 shares of the stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of GBX 3 per share, with a total value of £15,000.

Tom Reynolds also recently made the following trade(s):

• On Thursday, June 4th, Tom Reynolds purchased 698,549 shares of Prospex Energy stock. The stock was purchased at an average cost of GBX 4 per share, for a total transaction of £27,941.96.

Prospex Energy Stock Up 3.2%

Shares of PXEN stock traded up GBX 0.10 during trading hours on Thursday, reaching GBX 3.20. 595,026 shares of the company’s stock were exchanged, compared to its average volume of 1,216,863. Prospex Energy Plc has a fifty-two week low of GBX 2.10 and a fifty-two week high of GBX 5.10. The stock’s 50 day moving average is GBX 3.18 and its 200-day moving average is GBX 3.14. The company has a current ratio of 98.98, a quick ratio of 3.20 and a debt-to-equity ratio of 2.34. The company has a market cap of £13.88 million, a price-to-earnings ratio of -4.78 and a beta of -0.49.

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

About Prospex Energy

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.