Sterling Energy (LON:SEY) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Sterling Energy plc (LON:SEY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 16.50 ($0.21) and traded as low as GBX 16 ($0.21). Sterling Energy shares last traded at GBX 16.50 ($0.21), with a volume of 545,820 shares traded.

Sterling Energy Stock Performance

The company has a current ratio of 159.29, a quick ratio of 159.29 and a debt-to-equity ratio of 1.23. The stock has a market cap of £36.31 million and a P/E ratio of -27.50. The business’s fifty day simple moving average is GBX 16.50 and its 200 day simple moving average is GBX 16.50.

Sterling Energy Company Profile

Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa and the Middle East. It is involved in the appraisal, exploration, development, and production of oil and gas. The company holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.