Active Energy Group (LON:AEG) Shares Down 9.1% – Here’s Why

Shares of Active Energy Group Plc (LON:AEG) traded down 9.1% during trading on Thursday . The company traded as low as GBX 0.10 and last traded at GBX 0.10. 68,089,734 shares were traded during mid-day trading, a decline of 24% from the average session volume of 90,141,211 shares. The stock had previously closed at GBX 0.11.

Active Energy Group Price Performance

The company has a debt-to-equity ratio of 94.17, a quick ratio of 4.42 and a current ratio of 0.08. The stock has a market cap of £5.02 million, a price-to-earnings ratio of -0.11 and a beta of 0.40. The business’s fifty day simple moving average is GBX 0.10 and its 200 day simple moving average is GBX 0.09.

Active Energy Group Company Profile

Active Energy Group Plc, a renewable energy company, develops and produces biomass products in the United Kingdom and internationally. The company offers CoalSwitch, a biomass fuel that has been tested and proved to replace the traditional coal fired-power industry and existing renewable biomass industry without requiring plant modification. It engages in distribution of wood chip; and processing and distribution of wood; and property holding activities. The company was formerly known as Cinpart plc and changed its name to Active Energy Group Plc in July 2010.