Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.69 and traded as low as $2.91. Premier Oil shares last traded at $2.93, with a volume of 45,142 shares changing hands.
Premier Oil Price Performance
The stock has a fifty day moving average of $3.67 and a 200 day moving average of $3.46. The firm has a market capitalization of $2.68 billion, a P/E 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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