VAALCO Energy (LON:EGY) Shares Up 7.3% - Here's Why

Key Points

• VAALCO Energy's stock has increased by 7.3% reaching GBX 295 ($3.97) amid trading activity that saw approximately 744 shares exchanged, which is a 25% decrease from its average daily volume.
• The company's market capitalization stands at £306.03 million, with a notable P/E ratio of 483.61, indicating potential investor interest.
• VAALCO Energy holds a 31.1% working interest in the Etame Marin block offshore Gabon, highlighting its significant production and operational presence in the West African region.

VAALCO Energy, Inc. (LON:EGY - )'s stock price was up 7.3% on Thursday . The stock traded as high as GBX 295 ($3.97) and last traded at GBX 295 ($3.97). Approximately 744 shares changed hands during trading, a decline of 25% from the average daily volume of 987 shares. The stock had previously closed at GBX 275 ($3.70).

VAALCO Energy Trading Up 7.3%

The stock's 50-day simple moving average is GBX 272.24 and its two-hundred day simple moving average is GBX 296.36. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74. The firm has a market capitalization of £306.03 million, a P/E ratio of 483.61 and a beta of 1.17.

VAALCO Energy Company Profile

VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region. The Company is an established operator within the region, holding a 31.1% working interest in the Etame Marin block, located offshore Gabon, which to date has produced over 110 MMBBL of crude oil and of which the Company holds operational control.

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