Shares of Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.
Premier Oil Stock Performance
The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $3.26. The firm has a market capitalization of $2.64 billion, a PE ratio of 16.76 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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