Lekoil Ltd (OTCMKTS:LEKOF) traded down 46.6% during mid-day trading on Thursday . The stock traded as low as $0.05 and last traded at $0.05, 4,500 shares traded hands during trading. A decline of 88% from the average session volume of 37,938 shares. The stock had previously closed at $0.09.
The firm’s 50-day moving average is $0.09 and its 200-day moving average is $0.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.87 and a current ratio of 1.01.
About Lekoil (OTCMKTS:LEKOF)
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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