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Laredo Oil (Laredo Oil) 6-Month Price Index : 9.09 (As of Jun. 08, 2024)


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What is Laredo Oil 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-08), Laredo Oil's 6-Month Price Index is 9.09.

Competitive Comparison of Laredo Oil's 6-Month Price Index

For the Oil & Gas E&P subindustry, Laredo Oil's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Laredo Oil  (OTCPK:LRDC) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Laredo Oil  (OTCPK:LRDC) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Laredo Oil 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Laredo Oil's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Laredo Oil (Laredo Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Laredo Oil Inc (OTCPK:LRDC) » Definitions » 6-Month Price Index
Comparable Companies
NRIS GULTU PTCO ROYL ALTX FECOF GSPE WTXR VBHI AMNI COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705
Website
https://www.laredo-oil.com
Laredo Oil Inc is an oil exploration and production company. It is engaged in managing the acquisition and conventional operation of mature oil fields and the further recovery of stranded oil from those fields using enhanced oil recovery (EOR) methods. The company focuses on EOR applications in depleted and mature oil fields.