Shares of Scirocco Energy Plc (SOLO.L) (LON:SOLO – Get Free Report) fell 5.1% during mid-day trading on Friday . The company traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.85 ($0.02). 5,186,798 shares traded hands during trading, an increase of 70% from the average session volume of 3,047,013 shares. The stock had previously closed at GBX 1.95 ($0.02).
Scirocco Energy Plc (SOLO.L) Stock Performance
The company has a market capitalization of £13.39 million and a price-to-earnings ratio of -4.63. The firm has a fifty day simple moving average of GBX 1.85 and a 200 day simple moving average of GBX 1.85. The company has a debt-to-equity ratio of 4.33, a current ratio of 2.18 and a quick ratio of 1.84.
Scirocco Energy Plc (SOLO.L) Company Profile
Solo Oil Plc acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets primarily in Europe, Africa, and the Americas. The company holds 25% interest in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interest in the Kiliwani North Development License; and 12.03% interest in Helium One license located in Tanzania.
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