The share price of Cairn Energy PLC (LON:CNE) recorded 52 week high today.
Being in full unison with company’s winged words “Positioned to deliver value”, the Scottish stock proved that may bring value to its investors.
The stock of Cairn Energy closed the market yesterday at £214.50 to open today with a slight increase.
Although the slow but sure upward move in an average for the company trading volume CNE was rising up gradually. As a result, the Scottish stock verified a 52 week high at £217.30 per share.
The amazing performance of CNE today has not been initiated spontaneously. The share price upward move started at the beginning of this year to note its first apogee at the beginning of March.
On March 09, 2016 Cairn Energy PLC announced the triumphant testing of the SNE-3 appraisal well, offshore Senegal and successfully finalised operations including drilling, coring, logging and drill-stem testing (DST). The following week, the company broadcasted its Preliminary Results for the year ended 31 December 2015.
All aforementioned positive news aroused an unprecedented stock rush which resulted the record of CNE’s 52 week high today.
Cairn Energy PLC is one of Europe’s leading independent oil and gas exploration and development companies. Company’s business operations are focused on exploration projects in the UK and Norway, North West Africa and North Atlantic and development assets in the North Sea. Company’s stock is listed on the London Stock Exchange.
Cairn Energy has its headquarters in Edinburgh, Scotland. The company has operational offices in London, Norway and Senegal.
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