Shares of PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) shot up 8.9% during trading on Thursday . The company traded as high as $1.24 and last traded at $1.22. Approximately 29,218 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 63,919 shares. The stock had previously closed at $1.12.
PetroChina Price Performance
The business’s 50-day moving average is $1.30 and its two-hundred day moving average is $1.25.
About PetroChina
PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.
In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.
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