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Challenger Energy Group ( (GB:CEG) ) has shared an announcement.
Challenger Energy Group PLC announced updates related to two companies, Prax Exploration and Production PLC and Armour Energy Limited, where its non-executive directors were involved. Prax was placed into administration and sold to Serica Energy PLC, with the transaction expected to close by December 2025. Armour Energy, along with its subsidiaries, faced administration and receivership, with a significant amount of unsecured creditor claims remaining unpaid following the sale of its operating business.
The most recent analyst rating on (GB:CEG) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Challenger Energy Group stock, see the GB:CEG Stock Forecast page.
More about Challenger Energy Group
Challenger Energy is an Atlantic-margin focused energy company with a significant presence in Uruguay, holding two offshore exploration licenses and partnering with Chevron on the AREA-OFF 1 block. The company is listed on the AIM market of the London Stock Exchange and the OTCQB in the United States.
Average Trading Volume: 527,910
Technical Sentiment Signal: Hold
Current Market Cap: £28.67M
Find detailed analytics on CEG stock on TipRanks’ Stock Analysis page.