Columbus Energy Resources (CERP) Stock Price Down 8.4%

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Columbus Energy Resources PLC (LON:CERP) fell 8.4% during trading on Wednesday . The company traded as low as GBX 3.35 ($0.04) and last traded at GBX 3.48 ($0.05). 13,441,879 shares were traded during mid-day trading, an increase of 686% from the average session volume of 1,710,000 shares. The stock had previously closed at GBX 3.80 ($0.05).

Separately, VSA Capital reiterated a “buy” rating on shares of Columbus Energy Resources in a research report on Wednesday, January 9th.

The company has a market capitalization of $28.92 million and a PE ratio of -3.87. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.22 and a quick ratio of 1.14.

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About Columbus Energy Resources (LON:CERP)

Columbus Energy Resources plc engages in the exploration, development, and production of oil and gas in Trinidad and Tobago, Spain, Cyprus, St Lucia, the United States, and the United Kingdom. It primarily holds a 100% interest in the Goudron Oilfield located in south-eastern Trinidad. The company was formerly known as LGO Energy plc and changed its name to Columbus Energy Resources plc in June 2017.

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