IGas Energy (LON:IGAS) Shares Pass Above 200-Day Moving Average – Here’s What Happened

IGas Energy plc (LON:IGAS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 12.41 ($0.16) and traded as high as GBX 15.48 ($0.20). IGas Energy shares last traded at GBX 14.89 ($0.19), with a volume of 131,260 shares traded.

IGas Energy Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 28.35. The firm has a 50-day moving average price of GBX 14.89 and a two-hundred day moving average price of GBX 12.49. The firm has a market cap of £18.97 million, a PE ratio of -148.90 and a beta of -0.04.

About IGas Energy

IGas Energy plc operates as an oil and gas development, exploration, processing, and production company in the United Kingdom. The company holds interests in the 50 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.