Pao Novatek (LON:NVTK) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Pao Novatek (LON:NVTKGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 50 ($0.67) and traded as high as GBX 50 ($0.67). Pao Novatek shares last traded at GBX 50 ($0.67), with a volume of 3,000 shares changing hands.

Pao Novatek Stock Performance

The company has a debt-to-equity ratio of 20.52, a current ratio of 2.74 and a quick ratio of 1.35. The business’s 50-day moving average price is GBX 50 and its 200-day moving average price is GBX 50.

About Pao Novatek

(Get Free Report)

Novatek PAO is a natural gas production company. The Company is engaged in the exploration and production, processing, transportation and marketing of natural gas and liquid hydrocarbons. The Company’s primary production assets are located in the Yamal-Nenets Autonomous Region (YNAO). The Company delivers its natural gas on the Russian Federation’s domestic market and liquid hydrocarbons on both the Russian domestic and international markets.

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