Petrofac (OTCMKTS:POFCF) Stock Price Up 24.4% – Should You Buy?

Petrofac Limited (OTCMKTS:POFCFGet Free Report) traded up 24.4% during mid-day trading on Wednesday . The company traded as high as $0.11 and last traded at $0.11. 1,250 shares were traded during trading, a decline of 12% from the average session volume of 1,417 shares. The stock had previously closed at $0.09.

Petrofac Stock Performance

The firm’s fifty day moving average is $0.13 and its 200 day moving average is $0.17.

Petrofac Company Profile

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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