Egdon Resources (LON:EDR) Share Price Crosses Below Fifty Day Moving Average of $4.98

Egdon Resources Plc (LON:EDR) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.98 and traded as low as $4.55. Egdon Resources shares last traded at $4.55, with a volume of 9,935 shares.

Separately, VSA Capital restated a “buy” rating on shares of Egdon Resources in a report on Monday, March 11th.

The stock’s fifty day moving average price is GBX 4.98. The stock has a market cap of $13.65 million and a P/E ratio of -6.43.

Egdon Resources (LON:EDR) last announced its earnings results on Tuesday, April 9th. The company reported GBX (0.28) ($0.00) EPS for the quarter. Research analysts predict that Egdon Resources Plc will post -0.08 EPS for the current year.

About Egdon Resources (LON:EDR)

Egdon Resources plc, together with its subsidiaries, engages in the exploration and production of hydrocarbons in the United Kingdom and France. It holds 44 licenses in the proven oil and gas producing basins. The company was formerly known as New Egdon plc and changed its name to Egdon Resources plc in January 2008.

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