IGas Energy (LON:IGAS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

IGas Energy plc (LON:IGAS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 13.78 ($0.17) 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 50-day moving average of GBX 14.89 and a 200-day moving average of GBX 13.78. The company has a market cap of £18.97 million, a PE ratio of -148.90 and a beta of -0.04. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 28.35.

IGas Energy Company Profile

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.