Contango Oil & Gas (NYSEAMERICAN:MCF – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.22 and traded as low as $3.16. Contango Oil & Gas shares last traded at $3.22, with a volume of 3,621,000 shares trading hands.
Contango Oil & Gas Trading Up 3.5%
The business’s 50 day simple moving average is $3.22 and its two-hundred day simple moving average is $3.22. The stock has a market cap of $648.31 million, a P/E ratio of -7.67 and a beta of 2.02. The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 2.25.
About Contango Oil & Gas
Contango Oil & Gas Company is an independent energy firm headquartered in Houston, Texas, engaged in the acquisition, exploration, development and production of oil and natural gas properties. The company’s activities span the full upstream cycle, from lease acquisition and well planning through drilling, completion and production operations, enabling Contango to manage costs and operational quality at each stage of development.
Contango’s asset base is concentrated in the onshore Gulf Coast region of the United States, with principal operations in East Texas, West Texas and southern Louisiana.
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