Obtala (LON:OBT) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Obtala Ltd (LON:OBT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6.90 ($0.09) and traded as low as GBX 6.90 ($0.09). Obtala shares last traded at GBX 6.90 ($0.09), with a volume of 227,500 shares trading hands.

Obtala Stock Down 2.8 %

The company has a current ratio of 0.89, a quick ratio of 0.43 and a debt-to-equity ratio of 15.92. The business’s 50 day simple moving average is GBX 6.90 and its 200 day simple moving average is GBX 6.90. The firm has a market capitalization of £28.50 million and a PE ratio of -1.86.

Obtala Company Profile

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.