Range Resources (LON:RRL) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Range Resources Ltd (LON:RRL)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.04 ($0.00) and traded as low as GBX 0.03 ($0.00). Range Resources shares last traded at GBX 0.04 ($0.00), with a volume of 1,608,636 shares.

Range Resources Stock Performance

The firm has a fifty day moving average of GBX 0.03 and a 200-day moving average of GBX 0.04. The company has a debt-to-equity ratio of 1,052.15, a quick ratio of 0.75 and a current ratio of 1.07. The firm has a market cap of £676,000.00 and a P/E ratio of 0.00.

Range Resources Company Profile

Range Resources Limited engages in the exploration, development, and production of oil and gas in Trinidad and Indonesia. It holds 100% interests in three onshore production licenses, including Morne Diablo, South Quarry, and Beach Marcelle; and 80% interest in the St Mary's exploration block. The company was incorporated in 1982 and is based in Perth, Australia.