Challenger Energy Chairman Ups Stake

Challenger Energy Group (GB:CEG) has released an update.

Challenger Energy Group PLC’s chairman, Iain McKendrick, has invested in the company by purchasing 35,459,902 shares at 0.1403p each, increasing his stake to approximately 0.8% of the issued share capital. This move, executed on the London Stock Exchange, signifies a bolstering of executive confidence in the Atlantic margin focused oil and gas company. Challenger Energy has a primary business presence in Uruguay, with various offshore exploration licenses and is listed on the AIM market of the London Stock Exchange.

For further insights into GB:CEG stock, check out TipRanks’ Stock Analysis page.