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

Premier Oil plc (LON:PMO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 22.40 ($0.28) and traded as high as GBX 24 ($0.30). Premier Oil shares last traded at GBX 22.40 ($0.28), with a volume of 40,864,784 shares trading hands.

Premier Oil Trading Down 5.8 %

The firm has a market capitalization of £207.32 million and a price-to-earnings ratio of -0.15. The company has a debt-to-equity ratio of 571.58, a quick ratio of 0.13 and a current ratio of 0.14. The business has a fifty day moving average price of GBX 22.40 and a 200 day moving average price of GBX 22.40.

About Premier Oil

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.