Buru Energy (ASX:BRU) Stock Price Up 2.3%

Buru Energy Limited (ASX:BRU)’s stock price rose 2.3% during mid-day trading on Tuesday . The stock traded as high as A$0.22 ($0.16) and last traded at A$0.22 ($0.16), approximately 358,809 shares traded hands during trading. A decline of 4% from the average daily volume of 371,894 shares. The stock had previously closed at A$0.22 ($0.15).

The company has a market capitalization of $95.06 million and a price-to-earnings ratio of -18.33. The company has a current ratio of 4.99, a quick ratio of 4.76 and a debt-to-equity ratio of 8.03. The company has a 50-day moving average of A$0.25 and a 200-day moving average of A$0.26.

About Buru Energy (ASX:BRU)

Buru Energy Limited engages in the exploration, development, and production of oil and gas resources in Western Australia. The company operates through Oil, Gas, and Exploration segments. It holds interests in a portfolio of petroleum exploration permits covering an area of approximately 22,109 square kilometers located in Canning Superbasin in the southwest Kimberley region of Western Australia.

Further Reading: Dividend Yield

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