PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.25 and traded as high as $1.33. PetroChina shares last traded at $1.26, with a volume of 17,239 shares traded.
PetroChina Stock Up 1.4%
The company’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.26.
About PetroChina
PetroChina Company Limited is an integrated energy company engaged in the exploration, development, production, refining, transportation and sale of oil and natural gas. The company is a publicly traded subsidiary of China National Petroleum Corporation (CNPC), one of China’s major state-owned energy groups, and was established in 1999 as part of the restructuring of CNPC’s petroleum businesses.
Its upstream operations include crude oil and natural gas exploration and production. PetroChina also operates refining and petrochemical businesses that process crude oil into fuels and other petroleum products, as well as facilities that manufacture chemical products.
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