Inpex (OTCMKTS:IPXHY) Shares Gap Up – Here’s Why

Inpex Corp. (OTCMKTS:IPXHY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $24.07, but opened at $25.94. Inpex shares last traded at $24.04, with a volume of 953 shares traded.

Inpex Trading Up 3.3%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.24 and a current ratio of 1.32. The company has a 50 day simple moving average of $24.24 and a two-hundred day simple moving average of $23.55. The firm has a market cap of $29.31 billion, a PE ratio of 10.38 and a beta of 0.21.

About Inpex

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INPEX Corporation is a Japan-based energy company engaged in the exploration, development, production and delivery of oil and natural gas. The company supplies crude oil, natural gas and liquefied natural gas (LNG) for customers in Japan and international markets, while also pursuing lower-carbon energy businesses.

INPEX’s major projects include the Ichthys LNG project in Australia, which produces and exports LNG, liquefied petroleum gas and condensate. The company also has interests in energy projects across regions including Japan, Australia, Indonesia and the Middle East.

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