Egdon Resources (LON:EDR) Stock Passes Above 50-Day Moving Average of $4.70

Egdon Resources Plc (LON:EDR) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.70 and traded as high as $5.25. Egdon Resources shares last traded at $5.15, with a volume of 85,933 shares traded.

Separately, VSA Capital reaffirmed a “buy” rating on shares of Egdon Resources in a research report on Monday, July 29th.

The business has a 50-day simple moving average of GBX 4.72. The stock has a market capitalization of $15.62 million and a PE ratio of -7.36.

About Egdon Resources (LON:EDR)

Egdon Resources plc, together with its subsidiaries, engages in the exploration and production of hydrocarbons in the United Kingdom and France. It holds 44 licenses in the proven oil and gas producing basins. The company was formerly known as New Egdon plc and changed its name to Egdon Resources plc in January 2008.

Read More: Return on Investment (ROI)

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