Argos Resources (LON:ARG) Shares Pass Below Two Hundred Day Moving Average of $1.72

Argos Resources Ltd (LON:ARGGet Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.72 ($0.02) and traded as low as GBX 0.75 ($0.01). Argos Resources shares last traded at GBX 1.18 ($0.01), with a volume of 27,898 shares traded.

Argos Resources Stock Up 9.8 %

The stock has a market capitalization of £2.77 million and a price-to-earnings ratio of -11.80. The company’s 50-day moving average is GBX 1.40 and its 200-day moving average is GBX 1.72.

Argos Resources Company Profile

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Argos Resources Ltd engages in the exploration of oil and gas properties in the Falkland Islands. It holds a 100% interest in license PL001 covering an area of approximately 1,126 square kilometers located in the North Falkland Basin. The company was founded in 1995 and is based in Stanley, the Falkland Islands.

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