President Energy (LON:PPC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of President Energy Plc (LON:PPC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 155 ($2.01) and traded as high as GBX 161 ($2.09). President Energy shares last traded at GBX 155 ($2.01), with a volume of 16,138 shares.

President Energy Trading Down 6.1 %

The company has a debt-to-equity ratio of 51.13, a quick ratio of 0.31 and a current ratio of 0.35. The firm has a market cap of £15.95 million and a P/E ratio of 156.57. The company has a 50 day moving average of GBX 155 and a 200 day moving average of GBX 155.

President Energy Company Profile

President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.