Scirocco Energy Plc (SOLO.L) (LON:SOLO) Stock Crosses Above Fifty Day Moving Average of $1.85

Scirocco Energy Plc (SOLO.L) (LON:SOLO) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1.85 ($0.02) and traded as high as GBX 2 ($0.03). Scirocco Energy Plc (SOLO.L) shares last traded at GBX 1.85 ($0.02), with a volume of 5,186,798 shares changing hands.

Scirocco Energy Plc (SOLO.L) Price Performance

The company’s fifty day moving average price is GBX 1.85 and its 200 day moving average price is GBX 1.85. The company has a debt-to-equity ratio of 4.33, a quick ratio of 1.84 and a current ratio of 2.18. The firm has a market capitalization of £13.39 million and a price-to-earnings ratio of -4.63.

About Scirocco Energy Plc (SOLO.L)

Solo Oil Plc acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets primarily in Europe, Africa, and the Americas. The company holds 25% interest in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interest in the Kiliwani North Development License; and 12.03% interest in Helium One license located in Tanzania.