President Energy (LON:PPC) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

President Energy Plc (LON:PPCGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155 ($1.95) and traded as low as GBX 150 ($1.89). President Energy shares last traded at GBX 155 ($1.95), with a volume of 16,138 shares changing hands.

President Energy Stock Performance

The company has a debt-to-equity ratio of 51.13, a current ratio of 0.35 and a quick ratio of 0.31. The stock has a market cap of £15.95 million and a price-to-earnings ratio of 156.57. The firm has a fifty day moving average of GBX 155 and a 200 day moving average of GBX 155.

President Energy Company Profile

(Get Free Report)

President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.

Further Reading

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