Star Energy Group (LON:STAR) Trading Down 9%

Shares of Star Energy Group Plc (LON:STAR) fell 9% during mid-day trading on Thursday . The company traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.55 ($0.12). 796,738 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 653,912 shares. The stock had previously closed at GBX 10.50 ($0.13).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on Star Energy Group from GBX 55 ($0.69) to GBX 66 ($0.83) and gave the company a “buy” rating in a report on Wednesday, April 24th.

Star Energy Group Trading Down 9.0 %

The business’s 50-day simple moving average is GBX 9.46 and its two-hundred day simple moving average is GBX 9.79. The company has a quick ratio of 0.38, a current ratio of 0.63 and a debt-to-equity ratio of 24.06. The firm has a market capitalization of £12.32 million, a price-to-earnings ratio of -251.48 and a beta of -0.09.

About Star Energy Group

Star Energy Group Plc operates as an oil and gas development, exploration, processing, and production company in the United Kingdom. The company holds interests in the 50 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.