Shares of Cadogan Petroleum Plc (LON:CAD) shot up 13.6% during trading on Thursday . The company traded as high as GBX 8 ($0.10) and last traded at GBX 7.95 ($0.10). 160,940 shares traded hands during mid-day trading, an increase of 1,328% from the average session volume of 11,273 shares. The stock had previously closed at GBX 7 ($0.09).

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Cadogan Petroleum Company Profile (LON:CAD)

Cadogan Petroleum plc, together with its subsidiaries, engages in the development, exploration, and production of onshore gas, condensate, and oil assets in Ukraine. It operates through Exploration and Production, Service, and Trading segments. As of December 31, 2017, the company held working interests in four license areas, such as Bitlyanska, Debeslavetska, Cheremkhivska, and Monastyretska that are located in the Carpathian basin.

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