Lekoil (LON:LEK) Stock Crosses Above 50 Day Moving Average of $4.54

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Lekoil Ltd (LON:LEK)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.54 and traded as high as $6.85. Lekoil shares last traded at $6.60, with a volume of 1,614,530 shares changing hands.

Separately, Numis Securities restated a “buy” rating on shares of Lekoil in a research report on Thursday, May 30th.

The company’s 50-day moving average price is GBX 4.59 and its two-hundred day moving average price is GBX 6.24. The company has a debt-to-equity ratio of 11.06, a quick ratio of 0.64 and a current ratio of 1.04. The stock has a market cap of $35.02 million and a PE ratio of -3.26.

About Lekoil (LON:LEK)

Lekoil Limited explores for, develops, and produces petroleum oil and natural gas in Nigeria, Namibia, Cayman, and internationally. The company owns a 40% interest in the Otakikpo marginal field located in the south-eastern part of the Niger Delta; and a 40% interest in the OPL 310 block located in the Upper Cretaceous fairway that runs along the West African Transform Margin.

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