Sterling Energy (LON:SEY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Sterling Energy plc (LON:SEYGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.50 ($0.22) and traded as low as GBX 16 ($0.21). Sterling Energy shares last traded at GBX 16.50 ($0.22), with a volume of 545,820 shares traded.

Sterling Energy Stock Down 0.6 %

The company has a current ratio of 159.29, a quick ratio of 159.29 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of £36.31 million and a price-to-earnings ratio of -27.50. The firm has a 50 day moving average price of GBX 16.50 and a two-hundred day moving average price of GBX 16.50.

About Sterling Energy

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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.

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