Strike Energy (ASX:STX) Share Price Passes Above 50 Day Moving Average of $0.12

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Shares of Strike Energy Ltd (ASX:STX) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.12 and traded as high as $0.26. Strike Energy shares last traded at $0.26, with a volume of 9,151,538 shares.

The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 8.68. The business’s fifty day simple moving average is A$0.12 and its two-hundred day simple moving average is A$0.08. The company has a market cap of $354.66 million and a price-to-earnings ratio of -260.00.

In other Strike Energy news, insider John Poynton 1,538,462 shares of the stock in a transaction on Wednesday, August 21st. Also, insider Stuart Nicholls 689,655 shares of the stock in a transaction on Monday, July 22nd.

About Strike Energy (ASX:STX)

Strike Energy Limited explores for and develops oil and gas resources in Australia. It primarily focuses on the Southern Cooper Basin Gas Project located in South Australia. The company's exploration permits and applications cover an area of approximately 9,232 square kilometers within the Cooper/Eromanga basin.

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