President Energy (LON:PPC) Shares Down 6.1% – Should You Sell?

President Energy Plc (LON:PPC)’s share price was down 6.1% during mid-day trading on Friday . The company traded as low as GBX 150 ($1.89) and last traded at GBX 155 ($1.96). Approximately 16,138 shares traded hands during trading, a decline of 99% from the average daily volume of 1,600,899 shares. The stock had previously closed at GBX 165 ($2.08).

President Energy Price Performance

The business has a fifty day simple moving average of GBX 155 and a 200-day simple moving average of GBX 155. The stock has a market capitalization of £15.95 million and a P/E ratio of 156.57. The company has a debt-to-equity ratio of 51.13, a quick ratio of 0.31 and a current ratio of 0.35.

President Energy Company Profile

President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.