MX Oil PLC (LON:MXO)’s share price dropped 14.3% during trading on Tuesday . The stock traded as low as GBX 0.12 ($0.00) and last traded at GBX 0.15 ($0.00). Approximately 117,353,285 shares changed hands during mid-day trading, an increase of 2,776% from the average daily volume of 4,080,000 shares. The stock had previously closed at GBX 0.18 ($0.00).

The stock has a market cap of $4.16 million and a P/E ratio of -0.75.

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About MX Oil (LON:MXO)

MX Oil plc operates as an oil and gas investment company. It invests in OML 113, an offshore license that covers an area of 835 sq km in Nigeria. The company was formerly known as Astar Minerals plc and changed its name to MX Oil plc in July 2014. MX Oil plc was incorporated in 2004 and is based in London, the United Kingdom.

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