Andalas Energy and Power (ADL) Trading Up 34.4%
Shares of Andalas Energy and Power PLC (LON:ADL) were up 34.4% during mid-day trading on Friday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 16,751,442 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 53,300,000 shares. The stock had previously closed at GBX 0.16 ($0.00).
The firm has a market cap of $1.19 million and a PE ratio of -0.43.
In related news, insider Simon George Gorringe purchased 3,000,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £30,000 ($39,200.31).
About Andalas Energy and Power (LON:ADL)
Andalas Energy and Power PLC generates power from gas in Indonesia. It also explores for and produces oil and gas. The company was formerly known as CEB Resources PLC and changed its name to Andalas Energy and Power PLC in December 2015. Andalas Energy and Power PLC was incorporated in 2006 and is based in Douglas, Isle of Man.
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