Andalas Energy and Power (LON:ADL) Shares Pass Below 50 Day Moving Average – Time to Sell?

Andalas Energy and Power PLC (LON:ADLGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 0.20 ($0.00) and traded as low as GBX 0.20 ($0.00). Andalas Energy and Power shares last traded at GBX 0.20 ($0.00), with a volume of 820,000 shares trading hands.

Andalas Energy and Power Stock Up 21.2 %

The company has a market cap of £3.12 million and a PE ratio of -0.40. The stock’s 50 day moving average is GBX 0.20 and its 200-day moving average is GBX 0.20.

About Andalas Energy and Power

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Andalas Energy and Power PLC generates power from gas in Indonesia. It also explores for and produces oil and gas. The company was formerly known as CEB Resources PLC and changed its name to Andalas Energy and Power PLC in December 2015. Andalas Energy and Power PLC was incorporated in 2006 and is based in Douglas, Isle of Man.

Further Reading

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