Independent Oil & Gas PLC (LON:IOG)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.29 and traded as low as $17.00. Independent Oil & Gas shares last traded at $17.00, with a volume of 15,511,372 shares traded.
IOG has been the subject of several analyst reports. Peel Hunt reiterated a “buy” rating on shares of Independent Oil & Gas in a research report on Wednesday, August 14th. FinnCap restated a “corporate” rating on shares of Independent Oil & Gas in a research note on Tuesday, August 13th.
The firm has a market capitalization of $62.29 million and a price-to-earnings ratio of -3.97. The firm has a 50 day moving average price of GBX 17.39 and a 200-day moving average price of GBX 14.90.
Independent Oil and Gas plc explores for and develops oil and gas properties in the North Sea, the United Kingdom. It primarily focuses on the development of hydrocarbon reserves, as well as the acquisition, trading, and monetization of its license interests. The company 100% working interests in the Blythe gas field in the southern North Sea; the Skipper license located to the south east of the Shetlands in the northern North Sea; and the Nailsworth, Elland, and Southwark fields in the southern North Sea.
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