Shares of Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $2.90 and last traded at $2.75. Approximately 30,709 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 27,959 shares. The stock had previously closed at $2.7160.
Premier Oil Trading Up 1.3%
The company has a market capitalization of $2.55 billion, a PE ratio of 17.65 and a beta of 2.77. The firm has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.92.
Premier Oil Company Profile
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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