VSA Capital began coverage on shares of Columbus Energy Resources (LON:CERP) in a report released on Wednesday. The brokerage issued a buy rating and a GBX 26 ($0.35) price target on the stock.

Shares of Columbus Energy Resources (LON CERP) remained flat at $GBX 6.48 ($0.09) during midday trading on Wednesday. The company had a trading volume of 4,640,277 shares, compared to its average volume of 2,600,000. Columbus Energy Resources has a 12 month low of GBX 1.63 ($0.02) and a 12 month high of GBX 7.98 ($0.11).

Columbus Energy Resources (LON:CERP) last announced its quarterly earnings data on Wednesday, September 13th. The company reported GBX (0.40) (($0.01)) earnings per share (EPS) for the quarter. Columbus Energy Resources had a negative return on equity of 19.53% and a negative net margin of 79.84%. The firm had revenue of GBX 246 million during the quarter.

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Columbus Energy Resources Company Profile

Columbus Energy Resources plc, formerly LGO Energy plc, is an oil and gas exploration, development and production company. The Company has assets in Spain and Trinidad. The Company’s geographic segments include Spain, USA, Trinidad & Tobago, St. Lucia, Cyprus and UK. In Trinidad and Tobago, the Company, through various subsidiaries, holds interests in approximately three producing fields, such as Goudron, Icacos and Bonasse.

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