IOG (LON:IOG) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

by · The Cerbat Gem

IOG plc (LON:IOG – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.95 ($0.01) and traded as low as GBX 0.93 ($0.01). IOG shares last traded at GBX 0.95 ($0.01), with a volume of 7,103,820 shares trading hands.

IOG Stock Performance

The firm has a fifty day simple moving average of GBX 0.95 and a 200-day simple moving average of GBX 0.95. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 4,373.56. The company has a market cap of £4.99 million, a PE ratio of -19.00 and a beta of 0.40.

IOG Company Profile

(Get Free Report)

IOG plc engages in the exploration and development of oil and gas properties in the North Sea, the United Kingdom. It focuses on the gas resources. The company holds 50% working interests in the Blythe gas field, Elgood, Elland, Nailsworth, Southwark, Goddard, Southsea, Abbeydale, Thornbridge, Kelham, Panther, and Grafton licences.

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