Shares of Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.05 and traded as low as $2.60. Premier Oil shares last traded at $2.60, with a volume of 6,616 shares trading hands.
Premier Oil Price Performance
The stock’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $3.24. The company has a market capitalization of $2.41 billion, a P/E ratio of 15.29 and a beta of 2.77.
About Premier Oil
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.
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