Sterling Energy (LON:SEY) Shares Pass Below 50 Day Moving Average of $16.97

Sterling Energy plc (LON:SEY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 16.97 ($0.22) and traded as low as GBX 15.40 ($0.20). Sterling Energy shares last traded at GBX 16.10 ($0.21), with a volume of 2,216,236 shares traded.

The company has a quick ratio of 159.29, a current ratio of 159.29 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of £35.43 million and a P/E ratio of -26.83. The business has a 50-day moving average price of GBX 16.97.

Sterling Energy Company Profile (LON:SEY)

Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa and the Middle East. It is involved in the appraisal, exploration, development, and production of oil and gas. The company holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.

Further Reading: Trading on Margin

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