OMV Aktiengesellschaft (OTCMKTS:OMVJF) Sees Large Volume Increase – What’s Next?

OMV Aktiengesellschaft (OTCMKTS:OMVJF) shares saw unusually-strong trading volume on Thursday . Approximately 218 shares were traded during mid-day trading, an increase of 118% from the previous session’s volume of 100 shares.The stock last traded at $60.00 and had previously closed at $59.71.

OMV Aktiengesellschaft Stock Up 0.5%

The company’s 50-day moving average is $54.88 and its two-hundred day moving average is $54.19. The company has a market cap of $19.62 billion, a P/E ratio of 11.63 and a beta of 0.82.

OMV Aktiengesellschaft Company Profile

OMV Aktiengesellschaft is an integrated oil and gas company headquartered in Vienna, Austria. It conducts a full range of activities across the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refinement of petroleum products, and the production and marketing of petrochemicals. The company serves industrial, commercial and retail customers through a combination of direct sales, wholesale trading and a network of service stations and distribution channels.

On the upstream side, OMV pursues exploration and production projects to develop oil and gas reserves, and it operates equity interests and joint ventures in producing fields and exploration licences.