Sterling Energy (LON:SEY) Shares Pass Below 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Sterling Energy plc (LON:SEY – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 16.50 ($0.21) and traded as low as GBX 16 ($0.20). Sterling Energy shares last traded at GBX 16.50 ($0.21), with a volume of 545,820 shares traded.

Sterling Energy Stock Down 0.6 %

The firm’s 50-day simple moving average is GBX 16.50 and its 200 day simple moving average is GBX 16.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 159.29 and a current ratio of 159.29. The company has a market cap of £36.31 million and a P/E ratio of -27.50.

About Sterling Energy

(Get Free Report)

Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa and the Middle East. It is involved in the appraisal, exploration, development, and production of oil and gas. The company holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.

Featured Stories