Prospex Energy (LON:PXEN) Issues Earnings Results

Prospex Energy (LON:PXEN) released its quarterly earnings results on Monday. The company reported GBX 0.03 earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Prospex Energy Stock Up 0.8%

Shares of LON PXEN opened at GBX 5.90 on Wednesday. Prospex Energy has a 1 year low of GBX 2.10 and a 1 year high of GBX 7.30. The firm has a market cap of £25.59 million, a price-to-earnings ratio of -8.80 and a beta of -0.49. The company has a debt-to-equity ratio of 2.34, a quick ratio of 3.20 and a current ratio of 98.98. The stock’s 50-day simple moving average is GBX 4.45 and its 200-day simple moving average is GBX 3.69.

About Prospex Energy

Prospex Energy Plc (AIM: PXEN) is an investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company is building a sizeable oil and gas investment portfolio and has working interests in three natural gas fields, two in Spain – the Viura gas field and El Romeral, and one in Italy – the Selva Malvezzi concession, which are operated by the Company’s partners. Prospex has also initiated applications for open-acreage exploration permits in Poland.

Prospex’s strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.