PetroNeft Resources (LON:PTR) Stock Crosses Above 50-Day Moving Average of $0.89

PetroNeft Resources Plc (LON:PTR)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.89 and traded as high as $0.94. PetroNeft Resources shares last traded at $0.95, with a volume of 486,618 shares trading hands.

The business’s 50 day moving average is GBX 0.89 and its 200 day moving average is GBX 0.92. The company has a debt-to-equity ratio of 8.63, a quick ratio of 0.19 and a current ratio of 0.21. The stock has a market cap of $6.85 million and a price-to-earnings ratio of -0.79.

About PetroNeft Resources (LON:PTR)

PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia. The company's primary assets are a 50% operating interest in Licence 61 that covers 4,991 square kilometers in the Tomsk Oblast; and a 50% operating interest in Licence 67 covering 2,447 square kilometers located in the Tomsk Oblast.

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