Columbus Energy Resources’ (CERP) “Buy” Rating Reiterated at VSA Capital

VSA Capital reiterated their buy rating on shares of Columbus Energy Resources (LON:CERP) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Shares of CERP traded down GBX 0.05 ($0.00) during mid-day trading on Thursday, reaching GBX 4 ($0.05). The company’s stock had a trading volume of 1,546,011 shares, compared to its average volume of 1,710,000. Columbus Energy Resources has a 1-year low of GBX 2.30 ($0.03) and a 1-year high of GBX 5.10 ($0.07). The stock has a market cap of $33.32 million and a P/E ratio of -13.33. The business has a 50-day simple moving average of GBX 3.98 and a two-hundred day simple moving average of GBX 3.18. The company has a current ratio of 0.64, a quick ratio of 0.53 and a debt-to-equity ratio of 2.33.

Columbus Energy Resources Company Profile

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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