PetroNeft Resources (LON:PTR) Stock Price Passes Below 200-Day Moving Average of $1.56

Shares of PetroNeft Resources plc (LON:PTRGet Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1.56 ($0.02) and traded as low as GBX 0.81 ($0.01). PetroNeft Resources shares last traded at GBX 0.88 ($0.01), with a volume of 1,293,716 shares changing hands.

PetroNeft Resources Stock Performance

The firm’s 50-day moving average is GBX 1.15 and its 200 day moving average is GBX 1.56. The stock has a market cap of £9.37 million and a PE ratio of -2.19. The company has a debt-to-equity ratio of 25.50, a quick ratio of 0.60 and a current ratio of 0.63.

About PetroNeft Resources

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PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia. The company primarily holds 50% operating interest in Licence 61 that covers 4,991 square kilometers in the Tomsk Oblast; and 90% operating interest in Licence 67 covering 2,447 square kilometers located in the Tomsk Oblast.

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