MX Oil (LON:MXO) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of MX Oil PLC (LON:MXOGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 0.32 ($0.00) and traded as high as GBX 0.33 ($0.00). MX Oil shares last traded at GBX 0.32 ($0.00), with a volume of 27,655,588 shares trading hands.

MX Oil Stock Down 3.0 %

The company has a market capitalization of £14.31 million and a price-to-earnings ratio of -0.01. The company’s fifty day simple moving average is GBX 0.32 and its two-hundred day simple moving average is GBX 0.32.

About MX Oil

(Get Free Report)

MX Oil plc operates as an oil and gas investment company. It invests in OML 113, an offshore license that covers an area of 835 sq km in Nigeria. The company was formerly known as Astar Minerals plc and changed its name to MX Oil plc in July 2014. MX Oil plc was incorporated in 2004 and is based in London, the United Kingdom.

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