Range Resources (LON:RRL) Shares Cross Below 200-Day Moving Average – Here’s Why

Range Resources Ltd (LON:RRL)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.04 ($0.00) and traded as low as GBX 0.03 ($0.00). Range Resources shares last traded at GBX 0.04 ($0.00), with a volume of 1,608,636 shares changing hands.

Range Resources Stock Performance

The firm has a market cap of £675,850.02 and a P/E ratio of 0.00. The company has a current ratio of 1.07, a quick ratio of 0.75 and a debt-to-equity ratio of 1,052.15. The company’s 50-day moving average is GBX 0.03 and its two-hundred day moving average is GBX 0.04.

Range Resources Company Profile

Range Resources Limited engages in the exploration, development, and production of oil and gas in Trinidad and Indonesia. It holds 100% interests in three onshore production licenses, including Morne Diablo, South Quarry, and Beach Marcelle; and 80% interest in the St Mary's exploration block. The company was incorporated in 1982 and is based in Perth, Australia.