Petrel Resources Plc (LON:PET – Get Free Report)’s share price traded up 28.3% during trading on Wednesday . The company traded as high as GBX 1.48 ($0.02) and last traded at GBX 1.48 ($0.02). 275,000 shares changed hands during trading, an increase of 62% from the average session volume of 169,924 shares. The stock had previously closed at GBX 1.15 ($0.01).
Petrel Resources Stock Performance
The stock has a market cap of £2.23 million, a PE ratio of -7.17 and a beta of 0.57. The company’s 50-day moving average price is GBX 1.09 and its 200 day moving average price is GBX 0.93.
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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