President Energy (LON:PPC) Stock Price Passes Below 200-Day Moving Average of $6.52

Shares of President Energy PLC (LON:PPC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.52 and traded as low as $3.98. President Energy shares last traded at $3.98, with a volume of 42,000 shares.

Several analysts have commented on PPC shares. FinnCap reiterated a “corporate” rating on shares of President Energy in a research note on Monday, September 30th. Peel Hunt reiterated an “add” rating on shares of President Energy in a research note on Monday, October 21st. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 10.50 ($0.14) price target on shares of President Energy in a research note on Wednesday, August 28th.

The company has a market capitalization of $42.81 million and a P/E ratio of 12.67. The firm’s fifty day moving average is GBX 4.31 and its 200 day moving average is GBX 6.52. The company has a debt-to-equity ratio of 19.31, a quick ratio of 0.51 and a current ratio of 0.51.

About President Energy (LON:PPC)

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina; and the Las Bases and Puesto Prado Concessions in Rio Negro Province, Argentina.

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