Shares in Angus Energy Plc (LON:ANGS) rallied on Wednesday as recent figures showed that its mid-day trading volume for shares stood at 137% of its average level.
Angus Energy owns the Brockham and Lidsey oil fields and deals in the distribution of hydrocarbons in the UK, to third parties. The London-based company’s shares are reeling as its SuperTrend indicator sits ahead of its share price.
The company’s Relative Strength Index score stands at 48.32 for the last fortnight, and down to 27.96 for the last three days. Scoring acts as measure for a stock’s true value and volatility, with a score exceeding 70 indicating a stock being oversold and in turn overvalued. A score of 30 or lower indicates a stock that is undersold and likely under-priced.
With current market uncertainty, traders are having to dip deeper into their archive of stocks to find the best returns. Angus appears to represent a promising opportunity for those keen enough to take advantage, before its increase to stabilise meet demand.
Angus Energy shares are currently trading up 0.8p or 6.82% at 12.5p 12/12/18 13:47 GMT.
