Equatorial Palm Oil plc (PAL.L) (LON:PAL) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Equatorial Palm Oil plc (PAL.L) (LON:PAL)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 20 ($0.25) and traded as high as GBX 21.70 ($0.27). Equatorial Palm Oil plc (PAL.L) shares last traded at GBX 20 ($0.25), with a volume of 4,734,357 shares changing hands.

Equatorial Palm Oil plc (PAL.L) Stock Performance

The firm has a market cap of £91.26 million and a PE ratio of -11.76. The company’s 50-day simple moving average is GBX 20 and its two-hundred day simple moving average is GBX 20.

About Equatorial Palm Oil plc (PAL.L)

Equatorial Palm Oil plc, together with its subsidiaries, develops and produces crude palm oil in Liberia. The company was founded in 2005 and is based in London, the United Kingdom.