Egdon Resources Plc (LON:EDR)’s share price shot up 8.1% during mid-day trading on Monday . The company traded as high as GBX 7.32 ($0.10) and last traded at GBX 7.35 ($0.10). 164,475 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 126,635 shares. The stock had previously closed at GBX 6.80 ($0.09).
Separately, VSA Capital reaffirmed a “buy” rating on shares of Egdon Resources in a research note on Friday, July 6th.
About Egdon Resources (LON:EDR)
Egdon Resources plc, together with its subsidiaries, engages in the exploration and production of hydrocarbons in the United Kingdom and France. It holds 43 licenses in the proven oil and gas producing basins. The company was formerly known as New Egdon plc and changed its name to Egdon Resources plc in January 2008.
Recommended Story: How do investors use RSI to grade stocks?
Receive News & Ratings for Egdon Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Egdon Resources and related companies with MarketBeat.com's FREE daily email newsletter.