Sterling Energy (LON:SEY) Stock Crosses Below 200 Day Moving Average – What’s Next?

Sterling Energy plc (LON:SEY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 16.50 ($0.21) and traded as low as GBX 16 ($0.20). Sterling Energy shares last traded at GBX 16.50 ($0.21), with a volume of 545,820 shares traded.

Sterling Energy Stock Performance

The firm has a market capitalization of £36.31 million and a PE ratio of -27.50. The company has a quick ratio of 159.29, a current ratio of 159.29 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of GBX 16.50 and a 200 day moving average price of GBX 16.50.

Sterling Energy Company Profile

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.