Petrel Resources Plc (LON:PET – Get Free Report)’s stock price traded down 7.4% on Friday . The stock traded as low as GBX 1.20 ($0.02) and last traded at GBX 1.25 ($0.02). 135,982 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 513,648 shares. The stock had previously closed at GBX 1.35 ($0.02).
Petrel Resources Stock Down 8.7 %
The stock has a market capitalization of £2.27 million, a PE ratio of -7.17 and a beta of 0.57. The firm’s fifty day moving average is GBX 0.95 and its 200-day moving average is GBX 0.94.
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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