Premier Oil plc (LON:PMO – Get Free Report) shares traded down 5.8% during mid-day trading on Friday . The stock traded as low as GBX 22.17 ($0.28) and last traded at GBX 22.40 ($0.28). 40,864,785 shares changed hands during mid-day trading, an increase of 181% from the average session volume of 14,536,753 shares. The stock had previously closed at GBX 23.79 ($0.30).
Premier Oil Stock Performance
The stock has a market capitalization of £207.32 million and a price-to-earnings ratio of -0.15. The company has a 50 day simple moving average of GBX 22.40 and a 200-day simple moving average of GBX 22.40. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 571.58.
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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