Argos Resources (LON:ARG) Shares Cross Above Fifty Day Moving Average of $2.54

Argos Resources Ltd (LON:ARG)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.54 and traded as high as $2.68. Argos Resources shares last traded at $2.65, with a volume of 52,276 shares changing hands.

The company has a market cap of $5.30 million and a PE ratio of 26.50. The stock’s 50 day moving average price is GBX 2.54 and its 200-day moving average price is GBX 2.87.

Argos Resources Company Profile (LON:ARG)

Argos Resources Ltd, together with its subsidiary, explores for oil and gas in the Falkland Islands. The company holds a royalty interest in the production license PL001 covering an area of approximately 1,126 square kilometers located in the North Falkland Basin. Argos Resources Ltd was founded in 1995 and is based in Stanley, the Falkland Islands.

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