MX Oil (LON:MXO) Stock Passes Above Fifty Day Moving Average – Here’s Why

MX Oil PLC (LON:MXOGet Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 0.32 ($0.00) and traded as high as GBX 0.33 ($0.00). MX Oil shares last traded at GBX 0.32 ($0.00), with a volume of 27,655,588 shares trading hands.

MX Oil Stock Performance

The stock has a market capitalization of £14.31 million and a price-to-earnings ratio of -0.01. The firm’s fifty day moving average price is GBX 0.32 and its 200 day moving average price is GBX 0.32.

MX Oil Company Profile

(Get Free Report)

MX Oil plc operates as an oil and gas investment company. It invests in OML 113, an offshore license that covers an area of 835 sq km in Nigeria. The company was formerly known as Astar Minerals plc and changed its name to MX Oil plc in July 2014. MX Oil plc was incorporated in 2004 and is based in London, the United Kingdom.

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