InterOil Reaches New 52-Week High (IOC)
NEW YORK (TheStreet) -- InterOil Corporation (NYSE:IOC) hit a new 52-week high Thursday as it is currently trading at $80.47, above its previous 52-week high of $79.75 with 186,708 shares traded as of 9:35 a.m. ET. Average volume has been 621,000 shares over the past 30 days. InterOil has a market cap of $3.68 billion and is part of the basic materials sector and energy industry. Shares are up 47.6% year to date as of the close of trading on Wednesday. InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company engages in the exploration, appraisal, and development of crude oil and natural gas structures. The company has a P/E ratio of 141.5, below the average energy industry P/E ratio of 144.1 and above the S&P 500 P/E ratio of 17.7.
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