Global Petroleum (LON:GBP) Trading 7.7% Higher – Still a Buy?

Global Petroleum Limited (LON:GBPGet Free Report)’s share price was up 7.7% on Tuesday . The stock traded as high as GBX 0.16 ($0.00) and last traded at GBX 0.15 ($0.00). Approximately 59,682,953 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 106,061,102 shares. The stock had previously closed at GBX 0.14 ($0.00).

Global Petroleum Stock Up 0.7 %

The firm’s 50-day simple moving average is GBX 0.22 and its 200-day simple moving average is GBX 0.19. The firm has a market capitalization of £8.17 million, a PE ratio of -3.30 and a beta of 0.75.

Global Petroleum Company Profile

(Get Free Report)

Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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