Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest update is out from Challenger Energy Group ( (GB:CEG) ).
Challenger Energy Group has announced the sale of its entire operations in Trinidad and Tobago for $6 million, potentially increasing to $8 million based on future production criteria. This move marks a strategic exit, allowing Challenger to eliminate liabilities and concentrate on its core assets in Uruguay, where it sees greater potential for shareholder value.
More about Challenger Energy Group
Challenger Energy is an Atlantic-margin focused energy company with production, development, appraisal, and exploration assets in the region. Its primary assets are located in Uruguay, where the company holds two high impact offshore exploration licenses and is partnered with Chevron on the AREA-OFF 1 block. Challenger Energy is listed on the AIM market of the London Stock Exchange.
YTD Price Performance: 50.0%
Average Trading Volume: 837,988
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £23.04M
For detailed information about CEG stock, go to TipRanks’ Stock Analysis page.
