Amerisur Resources (LON:AMER) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Amerisur Resources plc (LON:AMERGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 19.18 ($0.25) and traded as high as GBX 19.18 ($0.25). Amerisur Resources shares last traded at GBX 19.18 ($0.25), with a volume of 4,817,237 shares trading hands.

Amerisur Resources Price Performance

The firm has a market capitalization of £241.31 million and a P/E ratio of -47.95. The business has a 50-day moving average of GBX 19.18 and a 200 day moving average of GBX 19.18. The company has a current ratio of 1.99, a quick ratio of 1.90 and a debt-to-equity ratio of 8.67.

About Amerisur Resources

(Get Free Report)

Amerisur Resources plc engages in exploration and production of oil and gas assets in Colombia and Paraguay. It has assets around the OBA pipeline and also across the wider Putumayo region, with 11 blocks in total covering 984,000 hectares gross. Amerisur Resources Plc was incorporated in 2000 and is based in Cardiff, the United Kingdom.

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