OMV Aktiengesellschaft (OTCMKTS:OMVJF) Reaches New 1-Year High – What’s Next?

OMV Aktiengesellschaft (OTCMKTS:OMVJF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $63.44 and last traded at $63.44, with a volume of 375 shares traded. The stock had previously closed at $59.70.

OMV Aktiengesellschaft Stock Up 6.3%

The stock has a 50-day simple moving average of $57.31 and a two-hundred day simple moving average of $55.07. The firm has a market cap of $20.74 billion, a PE ratio of 12.29 and a beta of 0.82.

OMV Aktiengesellschaft Company Profile

OMV Aktiengesellschaft is an integrated oil and gas company headquartered in Vienna, Austria. It conducts a full range of activities across the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refinement of petroleum products, and the production and marketing of petrochemicals. The company serves industrial, commercial and retail customers through a combination of direct sales, wholesale trading and a network of service stations and distribution channels.

On the upstream side, OMV pursues exploration and production projects to develop oil and gas reserves, and it operates equity interests and joint ventures in producing fields and exploration licences.