Canadian Overseas Petroleum (LON:COPL) Shares Pass Below 200 Day Moving Average – Should You Sell?

Canadian Overseas Petroleum Limited (LON:COPL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.06 ($0.00) and traded as low as GBX 0.06 ($0.00). Canadian Overseas Petroleum shares last traded at GBX 0.06 ($0.00), with a volume of 0 shares.

Canadian Overseas Petroleum Price Performance

The company has a debt-to-equity ratio of 243.85, a quick ratio of 0.43 and a current ratio of 0.19. The company’s fifty day moving average price is GBX 0.06 and its 200 day moving average price is GBX 0.06. The firm has a market capitalization of £2.13 million, a price-to-earnings ratio of -0.39 and a beta of -0.61.

About Canadian Overseas Petroleum

Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas reserves in the United States, Canada, the United Kingdom, Bermuda, and sub-Saharan Africa. Its Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from an adjacent wind farm to power production facilities.