Pennpetro Energy (LON:PPP) Trading 2.5% Higher – Should You Buy?

Pennpetro Energy Plc (LON:PPPGet Free Report)’s stock price was up 2.5% on Friday . The stock traded as high as GBX 9.55 ($0.12) and last traded at GBX 9.55 ($0.12). Approximately 4,679,735 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 4,838,305 shares. The stock had previously closed at GBX 9.32 ($0.12).

Pennpetro Energy Trading Up 2.5 %

The firm has a fifty day simple moving average of GBX 9.55 and a two-hundred day simple moving average of GBX 5.54. The stock has a market cap of £9.58 million, a PE ratio of -955.00 and a beta of 2.08. The company has a current ratio of 0.46, a quick ratio of 0.27 and a debt-to-equity ratio of 699.01.

About Pennpetro Energy

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Pennpetro Energy Plc engages in onshore oil and gas exploration and production in the United States. Its principal property is the undeveloped central portion of the Gonzales oil field that consists of leasehold petroleum mineral interests with approximately 1,000 leases covering an area of 2,500 acres located in the City of Gonzales, Texas.

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