Oilex (LON:OEX) Stock Price Crosses Below 200-Day Moving Average of $0.19

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Oilex Ltd. (LON:OEX)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.19 and traded as low as $0.16. Oilex shares last traded at $0.17, with a volume of 8,879,435 shares changing hands.

The firm has a 50-day simple moving average of GBX 0.16 and a 200 day simple moving average of GBX 0.19. The company has a debt-to-equity ratio of 11.78, a current ratio of 1.36 and a quick ratio of 0.81. The company has a market capitalization of $4.88 million and a PE ratio of -0.85.

About Oilex (LON:OEX)

Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 45% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. The company was incorporated in 1997 and is based in West Perth, Australia.

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