IOG (LON:IOG) Shares Cross Above Fifty Day Moving Average – Should You Sell?

IOG plc (LON:IOGGet Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.95 ($0.01) and traded as high as GBX 1.08 ($0.01). IOG shares last traded at GBX 0.95 ($0.01), with a volume of 7,103,820 shares changing hands.

IOG Stock Up 2.7 %

The firm has a market capitalization of £4.99 million, a price-to-earnings ratio of -19.00 and a beta of 0.40. The business has a 50 day moving average of GBX 0.95 and a 200 day moving average of GBX 0.95. The company has a debt-to-equity ratio of 4,373.56, a current ratio of 0.60 and a quick ratio of 0.47.

IOG Company Profile

(Get Free Report)

IOG plc engages in the exploration and development of oil and gas properties in the North Sea, the United Kingdom. It focuses on the gas resources. The company holds 50% working interests in the Blythe gas field, Elgood, Elland, Nailsworth, Southwark, Goddard, Southsea, Abbeydale, Thornbridge, Kelham, Panther, and Grafton licences.

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