IOG (LON:IOG) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

IOG plc (LON:IOGGet Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 0.95 ($0.01) and traded as low as GBX 0.93 ($0.01). IOG shares last traded at GBX 0.95 ($0.01), with a volume of 7,103,820 shares changing hands.

IOG Stock Performance

The company has a debt-to-equity ratio of 4,373.56, a quick ratio of 0.47 and a current ratio of 0.60. The company’s 50-day moving average price is GBX 0.95 and its 200-day moving average price is GBX 0.95. The firm has a market capitalization of £4.99 million, a PE ratio of -19.00 and a beta of 0.40.

About IOG

(Get Free Report)

IOG plc engages in the exploration and development of oil and gas properties in the North Sea, the United Kingdom. It focuses on the gas resources. The company holds 50% working interests in the Blythe gas field, Elgood, Elland, Nailsworth, Southwark, Goddard, Southsea, Abbeydale, Thornbridge, Kelham, Panther, and Grafton licences.

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