Horizon Oil Ltd (ASX:HZN) shares traded down 3.6% during mid-day trading on Friday . The company traded as low as A$0.13 ($0.09) and last traded at A$0.14 ($0.10), 166,987 shares changed hands during mid-day trading. A decline of 86% from the average session volume of 1,180,000 shares. The stock had previously closed at A$0.14 ($0.10).
The stock has a 50-day moving average price of A$0.12 and a 200-day moving average price of A$0.12. The company has a debt-to-equity ratio of 34.05, a current ratio of 1.55 and a quick ratio of 1.19. The company has a market capitalization of $175.97 million and a price-to-earnings ratio of 6.14.
Horizon Oil Company Profile (ASX:HZN)
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. It holds interest in the Block 22/12 oil field in Beibu Gulf, China, as well as engages in the exploration and evaluation of hydrocarbons; Maari/Manaia fields in New Zealand; and Stanley condensate/gas development and six onshore permits in Papua New Guinea.
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