President Energy (LON:PPC) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of President Energy Plc (LON:PPC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 155 ($2.02) and traded as low as GBX 150 ($1.96). President Energy shares last traded at GBX 155 ($2.02), with a volume of 16,138 shares traded.

President Energy Trading Down 6.1 %

The company has a debt-to-equity ratio of 51.13, a quick ratio of 0.31 and a current ratio of 0.35. The firm has a market cap of £15.95 million and a price-to-earnings ratio of 156.57. The business has a fifty day simple moving average of GBX 155 and a 200-day simple moving average of 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.