Diversified Energy (LON:DEC) Trading Up 8.1% – Here’s Why

Diversified Energy Company PLC (LON:DECGet Free Report)’s stock price was up 8.1% during mid-day trading on Tuesday . The company traded as high as GBX 1,078.58 and last traded at GBX 1,041. Approximately 514,461 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 291,551 shares. The stock had previously closed at GBX 963.

Diversified Energy Trading Up 8.1%

The business has a 50 day simple moving average of GBX 1,057.29 and a 200-day simple moving average of GBX 1,058.85. The stock has a market capitalization of £796.17 million, a price-to-earnings ratio of -3.91, a PEG ratio of -0.32 and a beta of 0.19. The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37.

About Diversified Energy

(Get Free Report)

Diversified Energy Company (DEC) is focused on acquiring and enhancing onshore gas and oil producing assets and related midstream properties in the United States. Our primary and historical area of operations are within the prolific Appalachian Basin, with additional operations in the states of Louisiana, Oklahoma and Texas announced with our entry to that region in 2021.

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