Angus Energy (LON:ANGS) Shares Down 15.2% – Here’s Why

Angus Energy plc (LON:ANGS) dropped 15.2% on Thursday . The company traded as low as GBX 0.32 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 1,766,873 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,792,981 shares. The stock had previously closed at GBX 0.38 ($0.00).

Angus Energy Trading Down 13.3 %

The firm has a 50 day moving average of GBX 0.28 and a 200-day moving average of GBX 0.31. The company has a quick ratio of 0.59, a current ratio of 0.58 and a debt-to-equity ratio of 45.51. The firm has a market capitalization of £14.37 million, a P/E ratio of 8.33 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.