Niko Resources (TSE:NKO) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Niko Resources Ltd. (TSE:NKOGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$0.02. Niko Resources shares last traded at C$0.02, with a volume of 3,980,508 shares traded.

Niko Resources Price Performance

The firm has a market cap of C$1.88 million and a P/E ratio of -0.02.

About Niko Resources

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Niko Resources Ltd. engages in the exploration, development, and production of oil and natural gas in India and Bangladesh. It primarily holds interests in the D6 Block consisting of Dhirubhai 1 and 3 Fields, MA Field, R cluster development project, satellite cluster development project, and MJ field development project located off the coastline of Andhra Pradesh, India; and the Block 9 in the central area of Bangladesh.

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