Inpex (OTCMKTS:IPXHF) Stock Price Up 3.5% – Time to Buy?

Inpex Co. (OTCMKTS:IPXHFGet Free Report) traded up 3.5% during trading on Wednesday . The company traded as high as $25.96 and last traded at $25.96. 10,843 shares changed hands during trading, an increase of 581% from the average session volume of 1,593 shares. The stock had previously closed at $25.09.

Inpex Trading Up 3.5%

The firm’s fifty day simple moving average is $22.06 and its two-hundred day simple moving average is $23.79.

About Inpex

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Inpex Corporation (OTCMKTS:IPXHF) is a Tokyo‐based energy company specializing in upstream oil and natural gas exploration and production. As Japan’s largest E&P operator, the company holds equity interests in major hydrocarbon developments around the globe, ranging from conventional oil fields to world‐class liquefied natural gas (LNG) projects. Its core activities include geological surveying, drilling, reservoir management, and the marketing of crude oil, natural gas and LNG.

Founded in 1966 as the International Petroleum Exploration Corporation, Inpex merged with the government‐backed Japan National Oil Corporation in 2006 to consolidate Japan’s overseas energy assets.

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