President Energy (LON:PPC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of President Energy Plc (LON:PPC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 155 ($2.01) and traded as high as GBX 161 ($2.09). President Energy shares last traded at GBX 155 ($2.01), with a volume of 16,138 shares trading hands.

President Energy Stock Down 6.1 %

The company has a quick ratio of 0.31, a current ratio of 0.35 and a debt-to-equity ratio of 51.13. The firm has a market capitalization of £15.95 million and a PE ratio of 156.57. The business’s 50-day moving average price is GBX 155 and its 200-day moving average price is GBX 155.

President Energy Company Profile

President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.