Petrel Resources Plc (LON:PET – Get Free Report)’s stock price rose 14.4% during trading on Monday . The stock traded as high as GBX 1.01 ($0.01) and last traded at GBX 1.01 ($0.01). Approximately 300,000 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 567,484 shares. The stock had previously closed at GBX 0.88 ($0.01).
Petrel Resources Stock Performance
The stock has a market cap of £1.61 million, a price-to-earnings ratio of -7.17 and a beta of 0.57. The business’s 50 day moving average is GBX 0.88 and its 200 day moving average is GBX 1.27.
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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