Clontarf Energy (LON:CLON) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Clontarf Energy plc (LON:CLON)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.03 and traded as low as GBX 0.02. Clontarf Energy shares last traded at GBX 0.02, with a volume of 2,443,962 shares changing hands.

Clontarf Energy Trading Down 4.0%

The firm has a 50 day moving average price of GBX 0.02 and a 200-day moving average price of GBX 0.03. The firm has a market cap of £1.97 million, a price-to-earnings ratio of -8.00 and a beta of -0.02.

Clontarf Energy Company Profile

Clontarf Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves and other related activities. It holds 60% interest in the Tano 2A Block covering an area of 1,532 square kilometers located in Ghana. The company also focuses on exploring and developing Bolivian salt-lakes. In addition, it focuses on liquefied natural gas reserves located in Western Australia. The company was incorporated in 2003 and is headquartered in Dublin, Ireland.