Global Petroleum Limited (LON:GBP – Get Free Report) traded down 5.1% during mid-day trading on Friday . The company traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00). 165,661,484 shares traded hands during trading, an increase of 167% from the average session volume of 62,051,527 shares. The stock had previously closed at GBX 0.10 ($0.00).
Global Petroleum Price Performance
The company’s 50 day simple moving average is GBX 0.08 and its 200 day simple moving average is GBX 0.07. The stock has a market cap of £4.89 million, a P/E ratio of -1.57 and a beta of 0.74.
Global Petroleum Company Profile
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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