Europa Oil & Gas (LON:EOG) Shares Up 15.4% on Insider Buying Activity

Shares of Europa Oil & Gas (Holdings) plc (LON:EOG) rose 15.4% during mid-day trading on Monday following insider buying activity. The stock traded as high as GBX 1.75 and last traded at GBX 1.50. Approximately 9,184,452 shares were traded during mid-day trading, an increase of 85% from the average daily volume of 4,962,684 shares. The stock had previously closed at GBX 1.30.

Specifically, insider Will Holland purchased 142,856 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £1,428.56. Also, insider Will Holland acquired 499,245 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of GBX 1 per share, for a total transaction of £4,992.45.

Europa Oil & Gas Price Performance

The company has a 50-day moving average price of GBX 1.51 and a 200-day moving average price of GBX 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 1.91. The firm has a market capitalization of £19.74 million, a PE ratio of -2.11 and a beta of 0.06.

Europa Oil & Gas (LON:EOG) last announced its quarterly earnings data on Wednesday, May 27th. The company reported GBX (0.20) earnings per share for the quarter. Europa Oil & Gas had a negative return on equity of 78.82% and a negative net margin of 70.04%.The company had revenue of GBX 391 million for the quarter. Sell-side analysts forecast that Europa Oil & Gas will post 40.5714332 EPS for the current year.

About Europa Oil & Gas

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.