President Energy (LON:PPC) Shares Down 6.1% – What’s Next?

Shares of President Energy Plc (LON:PPCGet Free Report) dropped 6.1% on Friday . The stock traded as low as GBX 150 ($1.89) and last traded at GBX 155 ($1.96). Approximately 16,138 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,600,899 shares. The stock had previously closed at GBX 165 ($2.08).

President Energy Stock Down 6.1 %

The stock has a market cap of £15.95 million and a price-to-earnings ratio of 156.57. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 51.13. The firm’s 50 day moving average is GBX 155 and its two-hundred day moving average is GBX 155.

About President Energy

(Get Free Report)

President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.

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