Shares of Premier Oil plc (LON:PMO – Get Free Report) dropped 5.8% during trading on Friday . The company traded as low as GBX 22.17 ($0.28) and last traded at GBX 22.40 ($0.28). Approximately 40,864,785 shares were traded during trading, an increase of 181% from the average daily volume of 14,536,753 shares. The stock had previously closed at GBX 23.79 ($0.30).
Premier Oil Stock Performance
The firm’s fifty day simple moving average is GBX 22.40 and its 200 day simple moving average is GBX 22.40. The company has a debt-to-equity ratio of 571.58, a current ratio of 0.14 and a quick ratio of 0.13. The company has a market capitalization of £207.32 million and a price-to-earnings ratio of -0.15.
Premier Oil Company Profile
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.
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