Petrel Resources Plc (LON:PET – Get Free Report)’s share price dropped 6.4% on Friday . The company traded as low as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). Approximately 3,522,633 shares traded hands during mid-day trading, an increase of 934% from the average daily volume of 340,524 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Price Performance
The stock has a 50 day simple moving average of GBX 1.30 and a two-hundred day simple moving average of GBX 1.04. The company has a market capitalization of £2.58 million, a price-to-earnings ratio of -5.40 and a beta of 0.57.
About Petrel Resources
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.
Featured Stories
- Five stocks we like better than Petrel Resources
- 3 Best Fintech Stocks for a Portfolio Boost
- Institutional Investors Bet $1B on These 4 Stocks—Should You?
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- One Must-Buy Stock and One to Avoid as Tariffs Shake the Market
- Stock Analyst Ratings and Canadian Analyst Ratings
- These 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?
Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.
