Shares of Global Petroleum Limited (LON:GBP – Get Free Report) rose 23.1% during trading on Thursday . The stock traded as high as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 22,594,424 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 40,915,738 shares. The stock had previously closed at GBX 0.07 ($0.00).
Global Petroleum Stock Down 9.4 %
The firm’s 50-day simple moving average is GBX 0.07 and its 200 day simple moving average is GBX 0.08. The firm has a market cap of £1.41 million, a P/E ratio of -1.57 and a beta of 0.59.
About Global Petroleum
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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