Horizon Oil (ASX:HZN) Trading Down 4%

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Horizon Oil Ltd (ASX:HZN) shares were down 4% during mid-day trading on Tuesday . The stock traded as low as A$0.12 ($0.09) and last traded at A$0.12 ($0.09), approximately 97,587 shares were traded during trading. A decline of 92% from the average daily volume of 1,180,000 shares. The stock had previously closed at A$0.13 ($0.09).

The stock’s 50 day moving average price is A$0.12. The company has a debt-to-equity ratio of 65.04, a quick ratio of 0.61 and a current ratio of 0.75. The company has a market cap of $156.42 million and a price-to-earnings ratio of 6.67.

Horizon Oil Company Profile (ASX:HZN)

Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. It holds interest in the Block 22/12 oil field in Beibu Gulf, China, as well as engages in the exploration and evaluation of hydrocarbons; Maari/Manaia fields in New Zealand; and Stanley condensate/gas development and six onshore permits in Papua New Guinea.

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