Ophir Energy (LON:OPHR) Trading 1.6% Higher – Should You Buy?

Ophir Energy Plc (LON:OPHR)’s share price was up 1.6% during trading on Monday . The company traded as high as GBX 57.50 ($0.73) and last traded at GBX 57.50 ($0.73). Approximately 3,227,394 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 8,088,823 shares. The stock had previously closed at GBX 56.60 ($0.72).

Ophir Energy Trading Up 1.6 %

The company has a debt-to-equity ratio of 50.65, a current ratio of 1.59 and a quick ratio of 1.41. The firm has a fifty day simple moving average of GBX 57.50 and a 200-day simple moving average of GBX 57.50. The firm has a market cap of £407.41 million and a P/E ratio of -0.52.

Ophir Energy Company Profile

Ophir Energy plc engages in the exploration, development, and production of upstream oil and gas properties in Asia and Africa. The company develops offshore and deep-water oil and gas exploration assets. It has 1 billion barrel of oil equivalent of reserves and resources. Ophir Energy plc was founded in 2004 and is headquartered in London, the United Kingdom.