Shares of Premier Oil plc (OTCMKTS:PMOIY – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $3.70 and last traded at $3.70, with a volume of 300 shares changing hands. The stock had previously closed at $3.80.
Premier Oil Stock Performance
The stock’s 50-day moving average price is $3.46 and its 200-day moving average price is $3.36. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 22.06 and a beta of 2.77.
About Premier Oil
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.
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