Petrofac (OTCMKTS:POFCF) Trading Down 12.9% – Here’s Why

Petrofac Limited (OTCMKTS:POFCFGet Free Report)’s stock price fell 12.9% on Wednesday . The stock traded as low as $0.13 and last traded at $0.13. 1,000 shares changed hands during trading, a decline of 86% from the average session volume of 6,970 shares. The stock had previously closed at $0.15.

Petrofac Stock Performance

The company has a fifty day moving average of $0.17 and a two-hundred day moving average of $0.19.

About Petrofac

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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