Longboat Energy (LON:LBE) Shares Up 2.9% – Here’s Why

Longboat Energy plc (LON:LBEGet Free Report) shares rose 2.9% during trading on Friday . The company traded as high as GBX 18.50 ($0.24) and last traded at GBX 18 ($0.23). Approximately 194,104 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 564,503 shares. The stock had previously closed at GBX 17.50 ($0.23).

Longboat Energy Stock Performance

The company has a market cap of £10.28 million, a price-to-earnings ratio of -112.50 and a beta of 0.12. The company has a debt-to-equity ratio of 177.95, a quick ratio of 2.60 and a current ratio of 5.62. The company has a fifty day moving average of GBX 18.18 and a two-hundred day moving average of GBX 17.85.

About Longboat Energy

(Get Free Report)

Longboat Energy plc, a full-cycle E&P company, focuses on acquiring oil and gas assets in Norway, Malaysia, and the United Kingdom. The company was incorporated in 2019 and is based in London, the United Kingdom.

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