Cabot Energy PLC (LON:CAB) fell 52% on Tuesday . The company traded as low as GBX 0.13 ($0.00) and last traded at GBX 0.24 ($0.00). 249,690 shares changed hands during trading, an increase of 272% from the average session volume of 67,040 shares. The stock had previously closed at GBX 0.50 ($0.01).
About Cabot Energy (LON:CAB)
Cabot Energy Plc engages in the exploration, appraisal, development, and production of oil and gas properties in Canada, Italy, and Australia. The company holds interest in oil production play covering an area of approximately 58,000 acres located in north west Alberta, Canada; a 100% interest in PEL 629 license covering an area of 1.4 million acres located in Otway Basin, South Australia; and onshore and offshore permits containing exploration prospects located in Italy.
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