Lekoil (LON:LEK) Stock Price Crosses Below 200-Day Moving Average of $0.00

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Lekoil Ltd (LON:LEK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $3.89. Lekoil shares last traded at $4.14, with a volume of 3,303,245 shares traded.

Separately, Numis Securities reiterated a “buy” rating and issued a GBX 877 ($11.46) price objective on shares of in a report on Thursday, May 30th.

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 fifty day moving average of GBX 4.14. The firm has a market cap of $22.21 million and a price-to-earnings ratio of -2.07.

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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