Baron Oil (LON:BOIL) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Baron Oil Plc (LON:BOILGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.08 ($0.00) and traded as low as GBX 0.08 ($0.00). Baron Oil shares last traded at GBX 0.08 ($0.00), with a volume of 166,329,031 shares changing hands.

Baron Oil Stock Performance

The business’s 50 day simple moving average is GBX 0.08 and its 200-day simple moving average is GBX 0.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 39.47 and a quick ratio of 3.21. The stock has a market capitalization of £21.17 million, a P/E ratio of -0.87 and a beta of 0.51.

About Baron Oil

(Get Free Report)

Baron Oil Plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves, and other related activities in South America, South East Asia, and the United Kingdom. The company holds 75% interest in Timor-Leste TL-SO-19-16 PSC offshore license located in Southeast Asia.

Further Reading

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