Premier Oil (OTCMKTS:PMOIY) Shares Up 1.3% - What's Next?

Key Points

• Premier Oil plc shares increased by 1.3%, reaching a trading price of $2.77, despite a significant drop in trading volume at 5,850 shares.
• The company boasts a market capitalization of $2.56 billion and a price-to-earnings ratio of 16.29, indicating a stable financial performance in the oil and gas sector.
• Premier Oil is involved in the exploration and production of oil and gas across several regions, with proven reserves and resources totaling approximately 1.022 billion barrels of oil equivalent.

Premier Oil plc (OTCMKTS:PMOIY - ) shares shot up 1.3% during trading on Wednesday . The stock traded as high as $2.77 and last traded at $2.77. 5,850 shares changed hands during trading, a decline of 79% from the average session volume of 27,959 shares. The stock had previously closed at $2.73.

Premier Oil Stock Performance

The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.29 and a beta of 2.77. The company has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $2.72.

Premier Oil Company Profile

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.

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