Inpex (OTCMKTS:IPXHY) Stock Jumps 3.8% – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY) rose 3.8% during trading on Tuesday. The stock traded as high as $23.9267 and last traded at $23.9267. Approximately 240 shares changed hands during trading, a decline of 100% from the average session volume of 62,028 shares. The stock had previously closed at $23.05.

Inpex Stock Performance

The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 9.99 and a beta of 0.21. The stock’s 50 day moving average price is $24.08 and its two-hundred day moving average price is $23.84.

Inpex Company Profile

INPEX Corporation is a Japanese energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its activities include crude oil, natural gas and liquefied natural gas (LNG) projects, with a focus on developing energy resources and supplying them to customers in Japan and international markets.

The company has operations and investments across several regions, including Japan, Australia, Indonesia and the United Arab Emirates. Its major projects include the Ichthys LNG project in Australia, which produces LNG, liquefied petroleum gas and condensate, as well as oil and gas developments in Indonesia and the UAE.