Scirocco Energy Plc (SOLO.L) (LON:SOLO) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Scirocco Energy Plc (SOLO.L) (LON:SOLO)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1.85 ($0.02) and traded as low as GBX 1.80 ($0.02). Scirocco Energy Plc (SOLO.L) shares last traded at GBX 1.85 ($0.02), with a volume of 5,186,798 shares.

Scirocco Energy Plc (SOLO.L) Stock Performance

The stock has a market capitalization of £13.39 million and a PE ratio of -4.63. The company has a current ratio of 2.18, a quick ratio of 1.84 and a debt-to-equity ratio of 4.33. The business’s 50-day moving average is GBX 1.85 and its two-hundred day moving average is GBX 1.85.

Scirocco Energy Plc (SOLO.L) Company Profile

Solo Oil Plc acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets primarily in Europe, Africa, and the Americas. The company holds 25% interest in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interest in the Kiliwani North Development License; and 12.03% interest in Helium One license located in Tanzania.