(Alliance News) - President Energy PLC on Tuesday noted the recent decline in its share price, being a nearly 35% reduction since the beginning of November.
The AIM-listed oil & gas company said there are no "materially adverse" changes in its trading, business or prospects since that time, whether micro or macro.
"In fact there have been improvements in all key performance indicators," the company said in its statement Tuesday. "Accordingly President views such decline as purely market driven and not driven by any fundamentals relating to the company."
President Energy shares were trading 11% higher in London on Tuesday at 3.06 pence each. However, the stock remains down 28% in the past month.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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