President Energy (LON:PPC) Stock Price Down 6.1% – Here’s What Happened

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

President Energy Stock Down 6.1 %

The firm has a 50 day moving average of GBX 155 and a two-hundred day moving average of GBX 155. The stock has a market capitalization of £15.95 million and a PE ratio of 156.57. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 51.13.

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.