Sterling Energy (LON:SEY) Shares Cross Above 50-Day Moving Average of $16.50

Shares of Sterling Energy plc (LON:SEY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 16.50 ($0.22) and traded as high as GBX 17 ($0.23). Sterling Energy shares last traded at GBX 16.50 ($0.22), with a volume of 545,820 shares trading hands.

The company has a quick ratio of 159.29, a current ratio of 159.29 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of GBX 16.50 and a two-hundred day simple moving average of GBX 16.26. The stock has a market capitalization of £36.31 million and a P/E ratio of -27.50.

Sterling Energy Company Profile (LON:SEY)

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.

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