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

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

Analyst Ratings Changes

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

Star Energy Group Stock Down 9.0 %

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

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.