Shares of Pennpetro Energy PLC (LON:PPP) dropped 3.2% on Tuesday . The company traded as low as GBX 71.20 ($0.93) and last traded at GBX 75 ($0.98). Approximately 1,826 shares changed hands during mid-day trading, an increase of ∞ from the average daily volume of 0 shares. The stock had previously closed at GBX 77.50 ($1.01).
The firm’s fifty day simple moving average is GBX 79.03. The firm has a market capitalization of $54.25 million and a PE ratio of -68.18. The company has a current ratio of 4.96, a quick ratio of 3.76 and a debt-to-equity ratio of 2,342.80.
About Pennpetro Energy (LON:PPP)
Pennpetro Energy Plc engages in the onshore oil and gas exploration and production in the United States. Its principal property is the central undrilled portion of the Gonzales oil field that consists of leasehold petroleum mineral interests with approximately 1,000 leases on 2,500 acres of land and proven oil condensates located in the City of Gonzales, Texas.
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