Shares of President Energy PLC (LON:PPC) rose 7.4% during trading on Wednesday . The company traded as high as GBX 10.35 ($0.14) and last traded at GBX 10.10 ($0.13). Approximately 2,724,155 shares traded hands during mid-day trading, an increase of 390% from the average daily volume of 556,114 shares. The stock had previously closed at GBX 9.40 ($0.12).

PPC has been the topic of a number of analyst reports. Peel Hunt reissued a “buy” rating on shares of President Energy in a research report on Tuesday. FinnCap reaffirmed a “corporate” rating on shares of President Energy in a research report on Monday, October 29th.

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About President Energy (LON:PPC)

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; and the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina.

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