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Premier Oil (OTCMKTS:PMOIY) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Premier Oil logo with Energy background

Premier Oil plc (OTCMKTS:PMOIY - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.91 and traded as low as $2.73. Premier Oil shares last traded at $2.73, with a volume of 101 shares changing hands.

Premier Oil Stock Performance

The stock has a 50 day moving average of $2.84 and a two-hundred day moving average of $3.17. The firm has a market capitalization of $2.18 billion, a P/E ratio of 13.84 and a beta of 2.77.

Premier Oil Company Profile

(Get Free Report)

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.

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