Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) shares rose 3.1% during mid-day trading on Tuesday . The stock traded as high as $2.80 and last traded at $2.7850. Approximately 4,973 shares changed hands during trading, a decline of 82% from the average daily volume of 27,959 shares. The stock had previously closed at $2.70.
Premier Oil Stock Performance
The company’s fifty day moving average is $2.89 and its two-hundred day moving average is $2.91. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 17.65 and a beta of 2.77.
Premier Oil Company Profile
Premier Oil plc was an independent upstream oil and gas exploration and production company headquartered in London. Operating as a specialist in the exploration, appraisal, development and production of crude oil and natural gas, Premier Oil pursued value through targeted technical work programs and strategic farm-in agreements. The company deployed its expertise across a variety of offshore and onshore basins, with a focus on cost-efficient project execution and reserve replacement.
Its portfolio spanned key hydrocarbon provinces in the UK North Sea, South East Asia and Mexico.
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