Strike Energy Ltd (ASX:STX)’s stock price fell 2.6% on Monday . The stock traded as low as A$0.18 ($0.13) and last traded at A$0.19 ($0.13), 1,576,084 shares traded hands during mid-day trading. An increase of 60% from the average session volume of 982,157 shares. The stock had previously closed at A$0.19 ($0.13).
The firm has a market cap of $315.34 million and a PE ratio of -92.50. The company’s fifty day moving average price is A$0.19 and its two-hundred day moving average price is A$0.17. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 2.46.
In related news, insider Neville Power 6,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th.
Strike Energy Limited explores for and develops oil and gas resources in Australia. It primarily focuses on the Southern Cooper Basin Gas Project located in South Australia. The company's exploration permits and applications cover an area of approximately 9,232 square kilometers within the Cooper/Eromanga basin.
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