Oilex (LON:OEX) Shares Cross Below Fifty Day Moving Average of $0.21
Oilex Ltd. (LON:OEX)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.21 and traded as low as $0.17. Oilex shares last traded at $0.18, with a volume of 36,235,679 shares changing hands.
The stock has a fifty day moving average of GBX 0.20 and a 200-day moving average of GBX 0.18. The company has a quick ratio of 0.38, a current ratio of 0.95 and a debt-to-equity ratio of 16.76. The firm has a market capitalization of $6.44 million and a P/E ratio of -0.98.
Oilex Company Profile (LON:OEX)
Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 45% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. The company was incorporated in 1997 and is based in West Perth, Australia.
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