Prospex Oil and Gas (LON:PXOG) Shares Pass Below 50-Day Moving Average – Should You Sell?

Prospex Oil and Gas PLC (LON:PXOGGet Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1.53 ($0.02) and traded as low as GBX 1.40 ($0.02). Prospex Oil and Gas shares last traded at GBX 1.53 ($0.02), with a volume of 540,413 shares.

Prospex Oil and Gas Stock Performance

The stock has a 50-day simple moving average of GBX 1.53 and a 200 day simple moving average of GBX 1.53. The company has a debt-to-equity ratio of 8.99, a current ratio of 2.16 and a quick ratio of 2.08. The company has a market capitalization of £1.35 million and a PE ratio of -15.25.

About Prospex Oil and Gas

(Get Free Report)

Prospex Oil And Gas Plc operates as an oil and gas investment company in Europe. It has a 50% economic interest in the exploration area of the EIV-1 Suceava Concession in Romania; and 17% working interest in the Podere Gallina Exploration Permit, which covers an area of 500 square kilometers located in onshore northern Italy in the Po Valley.

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