Petrofac (OTCMKTS:POFCY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Petrofac Limited (OTCMKTS:POFCYGet Free Report)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.06 and traded as low as $0.05. Petrofac shares last traded at $0.06, with a volume of 317,164 shares changing hands.

Petrofac Stock Performance

The firm’s fifty day moving average price is $0.06 and its 200 day moving average price is $0.08.

About Petrofac

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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