Sterling Energy (LON:SEY) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Sterling Energy plc (LON:SEY)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 16.50 ($0.21) and traded as low as GBX 16 ($0.21). Sterling Energy shares last traded at GBX 16.50 ($0.21), with a volume of 545,820 shares changing hands.

Sterling Energy Stock Down 0.6 %

The company has a market cap of £36.31 million and a price-to-earnings ratio of -27.50. The stock has a 50-day simple moving average of GBX 16.50 and a 200-day simple moving average of GBX 16.50. The company has a current ratio of 159.29, a quick ratio of 159.29 and a debt-to-equity ratio of 1.23.

Sterling Energy Company Profile

Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa and the Middle East. It is involved in the appraisal, exploration, development, and production of oil and gas. The company holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.