Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s What Happened
by Danessa Lincoln · The Markets DailyInpex Corp. (OTCMKTS:IPXHY – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $24.07, but opened at $23.13. Inpex shares last traded at $23.8990, with a volume of 24,972 shares changing hands.
Inpex Price Performance
The company has a market capitalization of $29.37 billion, a PE ratio of 10.06 and a beta of 0.21. The firm has a fifty day moving average of $24.28 and a two-hundred day moving average of $23.52. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.12.
About Inpex
INPEX Corporation is a Japan-based energy company engaged in the exploration, development, production and delivery of oil and natural gas. The company supplies crude oil, natural gas and liquefied natural gas (LNG) for customers in Japan and international markets, while also pursuing lower-carbon energy businesses.
INPEX’s major projects include the Ichthys LNG project in Australia, which produces and exports LNG, liquefied petroleum gas and condensate. The company also has interests in energy projects across regions including Japan, Australia, Indonesia and the Middle East.