Premier Oil (LON:PMO) Stock Price Passes Above 200 Day Moving Average of $22.40

Premier Oil plc (LON:PMOGet Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 22.40 ($0.27) and traded as high as GBX 24 ($0.29). Premier Oil shares last traded at GBX 22.40 ($0.27), with a volume of 40,864,784 shares traded.

Premier Oil Price Performance

The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 571.58. The firm’s 50 day simple moving average is GBX 22.40 and its 200 day simple moving average is GBX 22.40. The company has a market capitalization of ¬£207.32 million and a PE ratio of -0.15.

About Premier Oil

(Get Rating)

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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