Shares of Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.15 and traded as low as $2.83. Premier Oil shares last traded at $2.83, with a volume of 3,000 shares traded.
Premier Oil Trading Down 7.2 %
The firm’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $3.34. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 16.65 and a beta of 2.77.
About Premier Oil
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.
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