Premier Oil (OTCMKTS:PMOIY) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Premier Oil's stock price has surpassed its 200-day moving average, which is $2.68, reaching a high of $3.39 during recent trading.
• The company currently has a market capitalization of $2.90 billion and a P/E ratio of 18.44, indicating a higher growth potential.
• As of December 31, 2019, Premier Oil's proved and probable reserves were estimated at 175 million barrels of oil equivalent, along with a significant contingent resource estimate of 847 mmboe.

Premier Oil plc (OTCMKTS:PMOIY - )'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.68 and traded as high as $3.39. Premier Oil shares last traded at $3.14, with a volume of 3,644 shares traded.

Premier Oil Stock Down 1.3%

The company has a market cap of $2.90 billion, a P/E ratio of 18.44 and a beta of 2.77. The company has a 50 day moving average price of $2.97 and a 200-day moving average price of $2.68.

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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