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

Inpex Corp. (OTCMKTS:IPXHY – Get Free Report) shares gapped down prior to trading on Wednesday. The stock had previously closed at $24.07, but opened at $23.13. Inpex shares last traded at $23.8990, with a volume of 24,972 shares changing hands.

Inpex Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $28.24 billion, a PE ratio of 10.00 and a beta of 0.21. The stock’s 50-day moving average is $24.23 and its 200 day moving average is $23.59.

Inpex Company Profile

(Get Free Report)

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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