Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.44 and traded as low as $3.09. Premier Oil shares last traded at $3.31, with a volume of 68,353 shares trading hands.
Premier Oil Stock Performance
The company’s fifty day moving average price is $3.81 and its two-hundred day moving average price is $3.44. The firm has a market capitalization of $3.06 billion, a PE 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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