President Energy (LON:PPC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

President Energy Plc (LON:PPCGet Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155 ($1.95) and traded as low as GBX 150 ($1.89). President Energy shares last traded at GBX 155 ($1.95), with a volume of 16,138 shares traded.

President Energy Stock Performance

The company has a market capitalization of £15.95 million and a P/E ratio of 156.57. The business has a 50 day moving average price of GBX 155 and a 200 day moving average price of GBX 155. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 51.13.

About President Energy

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President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.

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