Lekoil Ltd (LON:LEK) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.02 and traded as low as $4.62. Lekoil shares last traded at $5.20, with a volume of 261,122 shares trading hands.
Separately, Numis Securities reiterated a “buy” rating on shares of Lekoil in a research note on Monday, September 30th.
The stock has a 50 day simple moving average of GBX 4.76 and a two-hundred day simple moving average of GBX 5.01. The firm has a market cap of $26.31 million and a PE ratio of -1.60. The company has a debt-to-equity ratio of 8.72, a quick ratio of 0.53 and a current ratio of 1.01.
Lekoil Limited explores for, develops, and produces petroleum oil and natural gas in Nigeria, Namibia, Cayman, and internationally. The company owns a 40% interest in the Otakikpo marginal field located in the south-eastern part of the Niger Delta; and a 40% interest in the OPL 310 block located in the Upper Cretaceous fairway that runs along the West African Transform Margin.
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