Prospex Oil and Gas (LON:PXOG) Trading 1.7% Higher – Time to Buy?

Shares of Prospex Oil and Gas PLC (LON:PXOGGet Free Report) shot up 1.7% on Thursday . The stock traded as high as GBX 2.30 ($0.03) and last traded at GBX 1.53 ($0.02). 540,413 shares were traded during trading, a decline of 95% from the average session volume of 11,940,000 shares. The stock had previously closed at GBX 1.50 ($0.02).

Prospex Oil and Gas Price Performance

The firm has a market cap of £1.35 million and a price-to-earnings ratio of -15.25. The company has a current ratio of 2.16, a quick ratio of 2.08 and a debt-to-equity ratio of 8.99. The stock’s fifty day moving average price is GBX 1.53 and its 200-day moving average price is GBX 1.53.

Prospex Oil and Gas Company Profile

(Get Free Report)

Prospex Oil And Gas Plc operates as an oil and gas investment company in Europe. It has a 50% economic interest in the exploration area of the EIV-1 Suceava Concession in Romania; and 17% working interest in the Podere Gallina Exploration Permit, which covers an area of 500 square kilometers located in onshore northern Italy in the Po Valley.

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