Petrofac (OTCMKTS:POFCY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Petrofac Limited (OTCMKTS:POFCYGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.04 and traded as high as $0.04. Petrofac shares last traded at $0.04, with a volume of 181,510 shares changing hands.

Petrofac Price Performance

The business has a 50-day simple moving average of $0.04 and a 200-day simple moving average of $0.06.

Petrofac Company Profile

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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