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Aminex (LON:AEX) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Aminex logo with Energy background

Key Points

  • Aminex PLC shares have surpassed their 200-day moving average, reaching GBX 2.10 ($0.03) during trading, with current trading at GBX 2.04 ($0.03).
  • The company operates primarily in the exploration and production of oil and gas assets, focusing on properties in Tanzania.
  • Aminex has a market capitalization of £86.11 million and a PE ratio of -96.13, indicating potential concerns regarding profitability.
  • Want stock alerts on Aminex? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Aminex PLC (LON:AEX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.29 ($0.02) and traded as high as GBX 2.10 ($0.03). Aminex shares last traded at GBX 2.04 ($0.03), with a volume of 7,273,423 shares changing hands.

Aminex Price Performance

The stock has a market capitalization of £80.16 million, a price-to-earnings ratio of -89.49 and a beta of -0.03. The business has a 50 day simple moving average of GBX 1.58 and a 200-day simple moving average of GBX 1.32.

About Aminex

(Get Free Report)

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania.

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