Petrofac (OTCMKTS:POFCF) Shares Down 12.9% – What’s Next?

Petrofac Limited (OTCMKTS:POFCFGet Free Report) shares fell 12.9% on Wednesday . The stock traded as low as $0.13 and last traded at $0.13. 1,000 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 6,970 shares. The stock had previously closed at $0.15.

Petrofac Price Performance

The company’s 50-day moving average price is $0.17 and its two-hundred day moving average price is $0.19.

Petrofac Company Profile

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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