Cooper Energy (ASX:COE) Shares Up 3.8%

Cooper Energy Ltd. (ASX:COE)’s share price shot up 3.8% during mid-day trading on Monday . The stock traded as high as A$0.55 ($0.39) and last traded at A$0.55 ($0.39), 1,919,060 shares traded hands during trading. A decline of 11% from the average session volume of 2,160,000 shares. The stock had previously closed at A$0.53 ($0.38).

The stock has a market capitalization of $891.85 million and a price-to-earnings ratio of -78.57. The company’s 50-day moving average is A$0.55 and its 200-day moving average is A$0.53. The company has a quick ratio of 3.23, a current ratio of 3.30 and a debt-to-equity ratio of 49.27.

Cooper Energy Company Profile (ASX:COE)

Cooper Energy Limited, an upstream oil and gas exploration and production company, engages in the discovery, commercialization, and sale of gas to south-east Australia. The company's principal project is the Sole gas project, which is under development in the offshore Gippsland Basin. It operates offshore gas production and exploration projects in the Otway Basin; and offshore gas exploration and development projects in the Gippsland Basin, as well as an onshore oil production and exploration project from the western flank of the Cooper Basin.

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