Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.15 and traded as low as $3.08. Premier Oil shares last traded at $3.08, with a volume of 1,007 shares trading hands.
Premier Oil Price Performance
The company has a market cap of $2.85 billion, a price-to-earnings ratio of 18.12 and a beta of 2.77. The business has a 50 day simple moving average of $3.15 and a 200 day simple moving average of $3.37.
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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