Petrofac (OTCMKTS:POFCY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Petrofac Limited (OTCMKTS:POFCYGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.06 and traded as low as $0.05. Petrofac shares last traded at $0.05, with a volume of 450,814 shares changing hands.

Petrofac Price Performance

The stock has a 50 day moving average price of $0.06 and a 200-day moving average price of $0.07.

About Petrofac

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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