Columbus Energy Resources (CERP) Trading Down 8.4%

Shares of Columbus Energy Resources PLC (LON:CERP) traded down 8.4% during trading on Wednesday . The stock traded as low as GBX 3.35 ($0.04) and last traded at GBX 3.48 ($0.05). 13,441,879 shares traded hands during trading, an increase of 686% from the average session volume of 1,710,000 shares. The stock had previously closed at GBX 3.80 ($0.05).

Separately, VSA Capital reaffirmed a “buy” rating on shares of Columbus Energy Resources in a research report on Wednesday, March 13th.

The stock has a market cap of $28.92 million and a P/E ratio of -3.87. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.14 and a current ratio of 1.22.

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About Columbus Energy Resources (LON:CERP)

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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