Scirocco Energy Plc (SOLO.L) (LON:SOLO) Shares Pass Below 50 Day Moving Average of $1.85

Shares of Scirocco Energy Plc (SOLO.L) (LON:SOLOGet Rating) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1.85 ($0.02) and traded as low as GBX 1.80 ($0.02). Scirocco Energy Plc (SOLO.L) shares last traded at GBX 1.85 ($0.02), with a volume of 5,186,798 shares trading hands.

Scirocco Energy Plc (SOLO.L) Price Performance

The company has a debt-to-equity ratio of 4.33, a current ratio of 2.18 and a quick ratio of 1.84. The stock’s fifty day simple moving average is GBX 1.85 and its 200-day simple moving average is GBX 1.85. The company has a market capitalization of £13.39 million and a P/E ratio of -4.63.

Scirocco Energy Plc (SOLO.L) Company Profile

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Solo Oil Plc acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets primarily in Europe, Africa, and the Americas. The company holds 25% interest in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interest in the Kiliwani North Development License; and 12.03% interest in Helium One license located in Tanzania.

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