Clontarf Energy (LON:CLON) Trading Down 13.8% – Should You Sell?

Clontarf Energy plc (LON:CLON) was down 13.8% during mid-day trading on Wednesday . The stock traded as low as GBX 0.03 and last traded at GBX 0.03. Approximately 45,617,863 shares traded hands during trading, a decline of 46% from the average daily volume of 83,788,031 shares. The stock had previously closed at GBX 0.03.

Clontarf Energy Price Performance

The company has a 50-day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.03. The stock has a market capitalization of £2.05 million, a PE ratio of -8.33 and a beta of -0.02.

Clontarf Energy Company Profile

Clontarf Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves and other related activities. It holds 60% interest in the Tano 2A Block covering an area of 1,532 square kilometers located in Ghana. The company also focuses on exploring and developing Bolivian salt-lakes. In addition, it focuses on liquefied natural gas reserves located in Western Australia. The company was incorporated in 2003 and is headquartered in Dublin, Ireland.