Inpex (OTCMKTS:IPXHF) Stock Price Down 4.8% – Here’s Why

Inpex Co. (OTCMKTS:IPXHF – Get Free Report)’s share price dropped 4.8% on Friday. The company traded as low as $23.00 and last traded at $23.00. Approximately 2 shares traded hands during trading, a decline of 100% from the average daily volume of 1,457 shares. The stock had previously closed at $24.1528.

Inpex Stock Performance

The company has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $23.59.

About Inpex

(Get Free Report)

INPEX Corporation is a Japan-based energy company engaged in the exploration, development and production of oil and natural gas. The company supplies energy to Japan and international markets through upstream projects that include crude oil, liquefied natural gas and natural gas production.

Founded in 1966 as the North Sumatra Oil Development Company, INPEX expanded through international exploration and development activities. In 2008, it merged with Teikoku Oil Co, Ltd. and adopted the INPEX Corporation name.

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