InterOil Corporation (IOC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (5.2 million) in InterOil Corporation (IOC). On Monday, The value of composite uptick trades was $21.26 million, whereas, the value of composite downtick trades was $26.45 million and the ratio between the two was 0.8, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.09 million. $0.57 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.18. The negative money flow of ($2.53 million) shows selling on strength. InterOil Corporation (IOC) gained $1.92 intraday at $49.53 and registrered 4.03% for the week.
InterOil Corporation is up 50.2% in the last 3-month period. Year-to-Date the stock performance stands at 57.89%. Shares of InterOil Corporation rose by 4.66% in the last five trading days and 18.68% for the last 4 weeks.
InterOil Corporation (NYSE:IOC): stock turned positive on Monday. Though the stock opened at $48.67, the bulls momentum made the stock top out at $50.12 level for the day. The stock recorded a low of $48.5392 and closed the trading day at $49.61, in the green by 4.20%. The total traded volume for the day was 2,642,168. The stock had closed at $47.61 in the previous days trading.
InterOil Corporation (InterOil) is an oil and gas exploration and production company. Papua New Guinea explores for oil and gas across over 4 million acres in the south of the country. The area is divided into four Petroleum Prospecting Licenses (PPLs) and two Petroleum Retention Licenses (PRLs). A feature of InterOils work in Papua New Guinea is PRL 15 that contains the Elk-Antelope field. PRL 39 contains the Triceratops discovery. The Company held approximately 40.1% interest in PRL 15. Its subsidiaries include SPI Exploration and Production Corporation, InterOil Singapore Pte Ltd, InterOil Corporate PNG Limited, South Pacific Refining Limited, SPI Distribution Limited, InterOil LNG Holdings Inc., InterOil Australia Pty Ltd and Direct Employment Services Company, among others. Its applications for new petroleum prospecting licenses were approved with PPL 474 replacing PPL 236, PPL 475 replacing PPL 237, and PPL 476 and PPL 477 replacing PPL 238 and included new license commitments.