Petrel Resources (LON:PET) Share Price Crosses Below Two Hundred Day Moving Average of $2.58

Shares of Petrel Resources PLC (LON:PET) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.58 and traded as low as $7.61. Petrel Resources shares last traded at $8.25, with a volume of 342,732 shares trading hands.

The firm has a fifty day simple moving average of GBX 6.40 and a 200 day simple moving average of GBX 2.58. The company has a market cap of $12.32 million and a price-to-earnings ratio of -1.65.

Petrel Resources Company Profile (LON:PET)

Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 15% interest in the Frontier Exploration Licence 3/14 in the Porcupine Basin, Ireland; and owns a 10% interest in licensing option (LO) 16/14 and 100% interests in LO 16/24 and LO 16/25 in Ireland.

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