Horizon Oil Ltd (ASX:HZN) dropped 3.6% on Friday . The company traded as low as A$0.14 ($0.10) and last traded at A$0.14 ($0.10), approximately 202,251 shares were traded during trading. A decline of 83% from the average daily volume of 1,180,000 shares. The stock had previously closed at A$0.14 ($0.10).
The company has a debt-to-equity ratio of 34.05, a quick ratio of 1.19 and a current ratio of 1.55. The stock has a market capitalization of $175.77 million and a PE ratio of 6.14. The business has a 50 day moving average of A$0.13 and a two-hundred day moving average of A$0.12.
About Horizon Oil (ASX:HZN)
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. It holds interest in the Block 22/12 oil field in Beibu Gulf, China, as well as engages in the exploration and evaluation of hydrocarbons; Maari/Manaia fields in New Zealand; and Stanley condensate/gas development and six onshore permits in Papua New Guinea.
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