Inpex Co. (OTCMKTS:IPXHF – Get Free Report) shares were down 2% on Friday . The company traded as low as $22.75 and last traded at $22.75. Approximately 8,900 shares changed hands during mid-day trading, an increase of 493% from the average daily volume of 1,500 shares. The stock had previously closed at $23.2125.
Inpex Price Performance
The stock’s 50 day simple moving average is $26.27 and its two-hundred day simple moving average is $22.93.
Inpex Company Profile
Inpex Corporation (OTCMKTS:IPXHF) is a Tokyo‐based energy company specializing in upstream oil and natural gas exploration and production. As Japan’s largest E&P operator, the company holds equity interests in major hydrocarbon developments around the globe, ranging from conventional oil fields to world‐class liquefied natural gas (LNG) projects. Its core activities include geological surveying, drilling, reservoir management, and the marketing of crude oil, natural gas and LNG.
Founded in 1966 as the International Petroleum Exploration Corporation, Inpex merged with the government‐backed Japan National Oil Corporation in 2006 to consolidate Japan’s overseas energy assets.
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