Andalas Energy and Power (LON:ADL) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Andalas Energy and Power PLC (LON:ADL) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.20 ($0.00) and traded as low as GBX 0.20 ($0.00). Andalas Energy and Power shares last traded at GBX 0.20 ($0.00), with a volume of 820,000 shares changing hands.

Andalas Energy and Power Stock Performance

The stock has a market capitalization of £3.12 million and a P/E ratio of -0.40. The business has a fifty day simple moving average of GBX 0.20 and a 200-day simple moving average of GBX 0.20.

About Andalas Energy and Power

Andalas Energy and Power PLC generates power from gas in Indonesia. It also explores for and produces oil and gas. The company was formerly known as CEB Resources PLC and changed its name to Andalas Energy and Power PLC in December 2015. Andalas Energy and Power PLC was incorporated in 2006 and is based in Douglas, Isle of Man.