Shares of Petrel Resources Plc (LON:PET – Get Free Report) shot up 21.4% during trading on Monday . The company traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). 82,074 shares were traded during trading, a decline of 61% from the average session volume of 209,368 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Trading Up 21.4 %
The stock has a market capitalization of £3.75 million, a PE ratio of -7.84 and a beta of 0.57. The business’s 50 day moving average is GBX 1.21 and its 200 day moving average is GBX 0.97.
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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