Europa Oil & Gas (LON:EOG) Stock Passes Below 200-Day Moving Average – Time to Sell?

Europa Oil & Gas (Holdings) plc (LON:EOG)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.92 ($0.01) and traded as low as GBX 0.89 ($0.01). Europa Oil & Gas shares last traded at GBX 0.89 ($0.01), with a volume of 572,151 shares.

Europa Oil & Gas Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.91 and a debt-to-equity ratio of 0.16. The firm has a market cap of £8.52 million, a P/E ratio of 23.50 and a beta of 0.61. The firm has a 50-day simple moving average of GBX 0.85 and a 200-day simple moving average of GBX 0.92.

Insider Buying and Selling at Europa Oil & Gas

In other news, insider Will Holland bought 697,484 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £6,974.84 ($8,765.67). 13.50% of the stock is owned by insiders.

About Europa Oil & Gas

Europa Oil & Gas (Holdings) plc, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the United Kingdom and Ireland. The company owns a working interest in the West Firsby and Crosby Warren fields, and a 65% non-operated interest in the Whisby W4 well located in the East Midlands; and the Inishkea prospect comprising FEL 4/19 licence located in the Slyne basin, Ireland.