Challenger Energy Group PLC (LON:CEG – Get Free Report) dropped 8.7% during trading on Tuesday . The company traded as low as GBX 11.50 and last traded at GBX 12.05. Approximately 2,214,501 shares were traded during mid-day trading, an increase of 239% from the average daily volume of 652,704 shares. The stock had previously closed at GBX 13.20.
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a “no recommendation” rating on shares of Challenger Energy Group in a research note on Tuesday, September 9th.
Read Our Latest Stock Report on CEG
Challenger Energy Group Trading Down 8.7%
About Challenger Energy Group
Challenger Energy focuses on high impact, globally material assets. Its flagship assets are in Uruguay, a new global exploration hotspot, where they have assets with multiple billion-barrel prospects. The Company holds two high impact offshore exploration licences (AREA OFF-1 and AREA OFF-3), totalling 19,000km2 (gross), making it one of the largest acreage holder offshore Uruguay, and is the only junior with a position in this exciting new exploration province.
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