Obtala (LON:OBT) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Obtala Ltd (LON:OBTGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6.90 ($0.09) and traded as low as GBX 6.90 ($0.09). Obtala shares last traded at GBX 6.90 ($0.09), with a volume of 227,500 shares.

Obtala Price Performance

The stock has a market capitalization of £28.50 million and a price-to-earnings ratio of -1.86. The company has a current ratio of 0.89, a quick ratio of 0.43 and a debt-to-equity ratio of 15.92. The stock has a 50-day simple moving average of GBX 6.90 and a 200 day simple moving average of GBX 6.90.

Obtala Company Profile

(Get Free Report)

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.

Further Reading

Receive News & Ratings for Obtala Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obtala and related companies with MarketBeat.com's FREE daily email newsletter.