PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) shares traded up 8.9% on Thursday . The company traded as high as $1.24 and last traded at $1.22. 29,218 shares changed hands during trading, a decline of 54% from the average daily volume of 63,919 shares. The stock had previously closed at $1.12.
PetroChina Trading Down 1.2%
The company has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $1.25.
PetroChina Company Profile
PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.
In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.
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