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

Premier Oil plc (LON:PMO – Get Rating)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Premier Oil Stock Down 5.8 %

The company has a debt-to-equity ratio of 571.58, a current ratio of 0.14 and a quick ratio of 0.13. The stock has a market capitalization of £207.32 million and a P/E ratio of -0.15. The firm has a 50-day simple moving average of GBX 22.40 and a 200 day simple moving average of GBX 22.40.

Premier Oil Company Profile

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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.