Baron Oil (LON:BOIL) Shares Pass Below Fifty Day Moving Average of $0.07

Baron Oil PLC (LON:BOIL) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.07 and traded as low as $0.07. Baron Oil shares last traded at $0.07, with a volume of 8,961,220 shares traded.

The firm has a market capitalization of $1.35 million and a P/E ratio of -0.35. The stock’s 50-day simple moving average is GBX 0.07 and its two-hundred day simple moving average is GBX 0.14.

About Baron Oil (LON:BOIL)

Baron Oil Plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves, and other related activities. It has an option to acquire a 15% working interest in the Wick prospect; and a 5% working interest in P1918 offshore license, which consists of the Colter prospect, as well as a 5% working interest in 330 and 345 onshore licenses located in the United Kingdom.

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