Petrel Resources Plc (LON:PET – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.93 ($0.01) and traded as high as GBX 1.05 ($0.01). Petrel Resources shares last traded at GBX 0.93 ($0.01), with a volume of 1,000 shares.
Petrel Resources Price Performance
The stock has a 50-day simple moving average of GBX 1.03 and a 200 day simple moving average of GBX 0.93. The company has a market capitalization of £1.72 million, a PE ratio of -7.17 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.
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