Georgina Energy (LON:GEX) Shares Down 11.2% – Here’s Why

Georgina Energy (LON:GEXGet Free Report) shares dropped 11.2% during mid-day trading on Wednesday . The company traded as low as GBX 7.50 and last traded at GBX 7.99. Approximately 1,594,500 shares changed hands during trading, a decline of 60% from the average daily volume of 3,966,672 shares. The stock had previously closed at GBX 9.

Georgina Energy Price Performance

The firm has a 50-day moving average of GBX 3.94. The company has a market cap of £10.61 million and a P/E ratio of -0.21.

About Georgina Energy

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Georgina Energy is a Helium & Hydrogen development and production company, based in Australia.

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team’s expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.

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