Clontarf Energy (LON:CLON) Trading Up 25% – Time to Buy?

Clontarf Energy plc (LON:CLON) shares traded up 25% during trading on Friday . The company traded as high as GBX 0.03 and last traded at GBX 0.03. 93,216,375 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 86,402,594 shares. The stock had previously closed at GBX 0.02.

Clontarf Energy Price Performance

The firm 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 cap of £1.88 million, a PE ratio of -7.67 and a beta of -0.02.

About Clontarf Energy

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.