Sterling Energy (LON:SEY) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Sterling Energy plc (LON:SEYGet Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 16.50 ($0.21) and traded as low as GBX 16 ($0.21). Sterling Energy shares last traded at GBX 16.50 ($0.21), with a volume of 545,820 shares trading hands.

Sterling Energy Stock Performance

The stock has a market capitalization of £36.31 million and a price-to-earnings ratio of -27.50. The company’s fifty day simple moving average is GBX 16.50 and its 200 day simple moving average is GBX 16.50. The company has a quick ratio of 159.29, a current ratio of 159.29 and a debt-to-equity ratio of 1.23.

Sterling Energy Company Profile

(Get Free Report)

Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa and the Middle East. It is involved in the appraisal, exploration, development, and production of oil and gas. The company holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.

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