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Inpex (OTCMKTS:IPXHY) Share Price Crosses Above 50-Day Moving Average - Here's Why

Inpex logo with Energy background

Shares of Inpex Corp. (OTCMKTS:IPXHY - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.48 and traded as high as $14.19. Inpex shares last traded at $14.15, with a volume of 34,135 shares changing hands.

Inpex Price Performance

The company has a fifty day moving average of $13.51 and a 200 day moving average of $12.98. The firm has a market capitalization of $17.38 billion, a P/E ratio of 6.03 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.37 and a quick ratio of 1.27.

Inpex (OTCMKTS:IPXHY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.69 EPS for the quarter. The business had revenue of $3.52 billion for the quarter. Inpex had a return on equity of 8.68% and a net margin of 19.57%.

Inpex Company Profile

(Get Free Report)

Inpex Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan, rest of Asia and Oceania, Europe and NIS countries, the Middle East and Africa, and the Americas. The company is involved in the investment and lending to the companies engaged in mineral resources business, etc.

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