Petrofac (OTCMKTS:POFCY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Petrofac Limited (OTCMKTS:POFCYGet Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.04 and traded as high as $0.04. Petrofac shares last traded at $0.04, with a volume of 181,510 shares trading hands.

Petrofac Stock Performance

The firm’s 50 day moving average is $0.04 and its two-hundred day moving average is $0.06.

Petrofac Company Profile

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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