IOG (LON:IOG) Share Price Passes Above 50 Day Moving Average – Here’s Why

IOG plc (LON:IOGGet Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 0.95 ($0.01) and traded as high as GBX 1.08 ($0.01). IOG shares last traded at GBX 0.95 ($0.01), with a volume of 7,103,820 shares changing hands.

IOG Trading Up 2.7 %

The business has a 50-day moving average price of GBX 0.95 and a 200-day moving average price of GBX 0.95. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 4,373.56. The firm has a market capitalization of £4.99 million, a P/E ratio of -19.00 and a beta of 0.40.

About IOG

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IOG plc engages in the exploration and development of oil and gas properties in the North Sea, the United Kingdom. It focuses on the gas resources. The company holds 50% working interests in the Blythe gas field, Elgood, Elland, Nailsworth, Southwark, Goddard, Southsea, Abbeydale, Thornbridge, Kelham, Panther, and Grafton licences.

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