Shares of Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.29 and traded as high as $3.66. Premier Oil shares last traded at $3.62, with a volume of 9,961 shares trading hands.
Premier Oil Trading Up 1.5%
The firm has a 50-day moving average of $3.29 and a 200 day moving average of $3.58. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 17.65 and a beta of 2.77.
About Premier Oil
Premier Oil plc was an independent upstream oil and gas exploration and production company headquartered in London. Operating as a specialist in the exploration, appraisal, development and production of crude oil and natural gas, Premier Oil pursued value through targeted technical work programs and strategic farm-in agreements. The company deployed its expertise across a variety of offshore and onshore basins, with a focus on cost-efficient project execution and reserve replacement.
Its portfolio spanned key hydrocarbon provinces in the UK North Sea, South East Asia and Mexico.
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