VAALCO Energy (LON:EGY) Stock Price Down 6.6% – Here’s Why

Shares of VAALCO Energy, Inc. (LON:EGY) traded down 6.6% during trading on Thursday . The stock traded as low as GBX 431.89 ($5.62) and last traded at GBX 431.89 ($5.62). 453 shares were traded during trading, a decline of 70% from the average session volume of 1,535 shares. The stock had previously closed at GBX 462.50 ($6.02).

VAALCO Energy Stock Performance

The stock has a market cap of £448.04 million, a P/E ratio of 708.01 and a beta of 1.17. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74. The stock’s 50 day simple moving average is GBX 480.44 and its two-hundred day simple moving average is GBX 497.02.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.