Angus Energy (LON:ANGS) Shares Up 18.9% – Here’s Why

Shares of Angus Energy plc (LON:ANGS) shot up 18.9% during trading on Thursday . The stock traded as high as GBX 0.25 and last traded at GBX 0.25. 15,139,639 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 9,907,605 shares. The stock had previously closed at GBX 0.21.

Angus Energy Stock Performance

The firm’s fifty day simple moving average is GBX 0.24 and its 200-day simple moving average is GBX 0.25. The company has a debt-to-equity ratio of 45.51, a quick ratio of 0.59 and a current ratio of 0.58. The stock has a market cap of £11.77 million, a P/E ratio of 1.29 and a beta of 0.19.

About Angus Energy

Angus Energy plc operates as a independent onshore oil and gas company in the United Kingdom. It engages in the extraction and distribution of oil and gas to third parties. The company owns 100% interest in the Saltfleetby Gas Field comprising one license covering an area of 91.8 square kilometers located Lincolnshire; and 25% interest in the Balcombe Field consisting of one license, which covers an area of 154 square kilometers located in Weald Basin, the United Kingdom. In addition, it holds 80% interest in the Lidsey oil field including one production licence located in onshore West Sussex near Bognor Regis; and the Brockham field consisting of one production licence located in Weald Basin, the United Kingdom.