Contango Oil & Gas (NYSEAMERICAN:MCF) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Contango Oil & Gas (NYSEAMERICAN:MCFGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $3.37. Contango Oil & Gas shares last traded at $3.22, with a volume of 3,621,000 shares trading hands.

Contango Oil & Gas Stock Performance

The stock has a market capitalization of $648.31 million, a P/E ratio of -7.67 and a beta of 2.02. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.45 and a quick ratio of 0.44.

About Contango Oil & Gas

(Get Free Report)

Contango Oil & Gas Co is an oil and natural gas company. The firm engages in the exploration, development, production and acquisition of crude oil and natural gas properties. Its operation focuses in Permian Basin, South Texas, Southeast Texas East Texas, Wyoming, and Gulf of Mexico. The company was founded by Kenneth R.

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