PTT Exploration and Production Public (OTCMKTS:PEXNY) Share Price Crosses Below 50-Day Moving Average – What’s Next?

PTT Exploration and Production Public Company Limited (OTCMKTS:PEXNY) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.78 and traded as low as $8.20. PTT Exploration and Production Public shares last traded at $8.30, with a volume of 1,616 shares traded.

PTT Exploration and Production Public Price Performance

The business has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $8.92.

PTT Exploration and Production Public Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were given a $0.2297 dividend. The ex-dividend date was Wednesday, August 13th. This represents a yield of 637.0%. PTT Exploration and Production Public’s dividend payout ratio is presently 40.11%.

About PTT Exploration and Production Public

PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration and production of petroleum in Thailand and internationally. It is also involved in the gas pipeline transportation business; investment funding; and the provision of petroleum-related technology, human resource support, treasury center, technology, and solar power businesses, as well as renewable energy and related activities.