Pennpetro Energy (LON:PPP) Shares Up 2.5% – Time to Buy?

Pennpetro Energy Plc (LON:PPPGet Free Report)’s share price shot up 2.5% during trading on Friday . The company traded as high as GBX 9.55 ($0.12) and last traded at GBX 9.55 ($0.12). 4,679,735 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 4,838,305 shares. The stock had previously closed at GBX 9.32 ($0.12).

Pennpetro Energy Stock Up 2.5 %

The stock has a market cap of £9.58 million, a PE ratio of -955.00 and a beta of 2.08. The company has a debt-to-equity ratio of 699.01, a current ratio of 0.46 and a quick ratio of 0.27. The company has a 50 day moving average price of GBX 9.55 and a two-hundred day moving average price of GBX 5.57.

Pennpetro Energy Company Profile

(Get Free Report)

Pennpetro Energy Plc engages in onshore oil and gas exploration and production in the United States. Its principal property is the undeveloped central portion of the Gonzales oil field that consists of leasehold petroleum mineral interests with approximately 1,000 leases covering an area of 2,500 acres located in the City of Gonzales, Texas.

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