Trinity Exploration & Production (LON:TRIN) Stock Passes Below Two Hundred Day Moving Average of $120.46

Trinity Exploration & Production plc (LON:TRINGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 120.46 ($1.46) and traded as low as GBX 111.95 ($1.35). Trinity Exploration & Production shares last traded at GBX 118.50 ($1.43), with a volume of 127,550 shares traded.

Trinity Exploration & Production Price Performance

The company’s 50 day moving average is GBX 105.80 and its 200 day moving average is GBX 120.46. The company has a current ratio of 2.18, a quick ratio of 1.87 and a debt-to-equity ratio of 5.98. The stock has a market capitalization of ¬£47.26 million and a price-to-earnings ratio of 740.63.

Insiders Place Their Bets

In other news, insider Jeremy Bridglalsingh sold 111,041 shares of Trinity Exploration & Production stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of GBX 97 ($1.17), for a total value of £107,709.77 ($130,147.14).

About Trinity Exploration & Production

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Trinity Exploration & Production plc, an independent oil company, engages in the exploration, development, production, and sale of crude oil in Trinidad & Tobago. The company operates a portfolio of producing, development, and exploration assets onshore and offshore in the shallow waters off the west and east coasts of Trinidad.

Further Reading

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