Prospex Energy (LON:PXEN) Insider Tom Reynolds Acquires 698,549 Shares

Prospex Energy Plc (LON:PXEN) insider Tom Reynolds purchased 698,549 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of GBX 4 per share, with a total value of £27,941.96.

Prospex Energy Stock Up 10.9%

LON:PXEN opened at GBX 3.55 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 3.20 and a current ratio of 98.98. The company has a market cap of £15.40 million, a PE ratio of -5.30 and a beta of -0.49. Prospex Energy Plc has a 52-week low of GBX 2.10 and a 52-week high of GBX 5.70. The stock has a 50-day simple moving average of GBX 3.25 and a 200 day simple moving average of GBX 3.16.

Prospex Energy (LON:PXEN) last posted its quarterly earnings data on Thursday, May 28th. The company reported GBX (0.67) earnings per share (EPS) for the quarter.

Prospex Energy Company Profile

Prospex Energy Plc (AIM: PXEN) is an investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company is building a sizeable oil and gas investment portfolio and has working interests in three natural gas fields, two in Spain – the Viura gas field and El Romeral, and one in Italy – the Selva Malvezzi concession, which are operated by the Company’s partners. Prospex has also initiated applications for open-acreage exploration permits in Poland.

Prospex’s strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.