Petrel Resources Plc (LON:PET – Get Free Report) shares rose 3.7% during trading on Tuesday . The company traded as high as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). Approximately 20,000 shares traded hands during trading, a decline of 96% from the average daily volume of 555,653 shares. The stock had previously closed at GBX 0.68 ($0.01).
Petrel Resources Price Performance
The stock has a market cap of £1.29 million, a P/E ratio of -7.17 and a beta of 0.57. The business’s 50 day simple moving average is GBX 0.84 and its 200 day simple moving average is GBX 1.21.
Petrel Resources Company Profile
Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 100% interest in the Frontier exploration license 3/14 located in Ireland. It also holds a 30% working interest in the Tano 2A Block covering an area of 1,532 square kilometers in Ghana; and holds interest in the Western Desert Block 6 located in Iraq.
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