Petrel Resources Plc (LON:PET – Get Free Report)’s stock price dropped 7.5% during trading on Tuesday . The company traded as low as GBX 1.11 ($0.01) and last traded at GBX 1.11 ($0.01). Approximately 105,000 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 250,978 shares. The stock had previously closed at GBX 1.20 ($0.01).
Petrel Resources Stock Performance
The stock’s 50-day simple moving average is GBX 1.14 and its 200 day simple moving average is GBX 0.94. The company has a market capitalization of £2.04 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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