Obtala (LON:OBT) Shares Pass Above 200-Day Moving Average of $6.90

Shares of Obtala Ltd (LON:OBT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6.90 ($0.09) and traded as high as GBX 6.90 ($0.09). Obtala shares last traded at GBX 6.90 ($0.09), with a volume of 227,500 shares changing hands.

Obtala Stock Performance

The business has a fifty day simple moving average of GBX 6.90 and a two-hundred day simple moving average of GBX 6.90. The company has a market cap of £28.50 million and a P/E ratio of -1.86. The company has a quick ratio of 0.43, a current ratio of 0.89 and a debt-to-equity ratio of 15.92.

Obtala Company Profile

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.