Shares of Petrel Resources Plc (LON:PET – Get Free Report) fell 15.8% during trading on Friday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01). 192,379 shares traded hands during trading, a decline of 67% from the average session volume of 582,460 shares. The stock had previously closed at GBX 0.95 ($0.01).
Petrel Resources Price Performance
The firm has a market capitalization of £1.61 million, a PE ratio of -7.17 and a beta of 0.57. The business has a 50-day simple moving average of GBX 0.90 and a 200-day simple moving average of GBX 1.35.
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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