Buru Energy (ASX:BRU) Share Price Passes Below 50-Day Moving Average of $0.17

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Shares of Buru Energy Limited (ASX:BRU) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.17 and traded as low as $0.16. Buru Energy shares last traded at $0.16, with a volume of 126,140 shares changing hands.

The stock has a market capitalization of $69.13 million and a price-to-earnings ratio of -13.33. The business’s 50-day simple moving average is A$0.17 and its two-hundred day simple moving average is A$0.22. The company has a debt-to-equity ratio of 8.03, a current ratio of 4.99 and a quick ratio of 4.76.

About Buru Energy (ASX:BRU)

Buru Energy Limited engages in the exploration, development, and production of oil and gas resources in Western Australia. The company operates through Oil, Gas, and Exploration segments. It holds interests in a portfolio of petroleum exploration permits covering an area of approximately 22,109 square kilometers located in Canning Superbasin in the southwest Kimberley region of Western Australia.

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