Angus Energy (LON:ANGS) Trading 15% Higher – Still a Buy?

Angus Energy plc (LON:ANGS)’s share price rose 15% during mid-day trading on Thursday . The company traded as high as GBX 0.25 and last traded at GBX 0.25. Approximately 15,139,639 shares changed hands during trading, an increase of 53% from the average daily volume of 9,907,605 shares. The stock had previously closed at GBX 0.21.

Angus Energy Price Performance

The firm’s 50 day simple moving average is GBX 0.24 and its 200 day simple moving average is GBX 0.25. The company has a market cap of £11.77 million, a price-to-earnings ratio of 1.29 and a beta of 0.19. The company has a quick ratio of 0.59, a current ratio of 0.25 and a debt-to-equity ratio of 47.52.

Angus Energy Company Profile

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. In addition, it holds 80% interest in the Lidsey oil field including one production licence located in onshore West Sussex near Bognor Regis; and the Brockham field consisting of one production licence located in Weald Basin, the United Kingdom.