Petrel Resources Plc (LON:PET – Get Free Report) shares dropped 6.4% during mid-day trading on Friday . The company traded as low as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). Approximately 1,141,681 shares traded hands during trading, an increase of 300% from the average daily volume of 285,153 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Stock Down 6.4 %
The stock has a market cap of £2.58 million, a PE ratio of -5.40 and a beta of 0.57. The company’s fifty day moving average is GBX 1.30 and its 200 day moving average is GBX 1.04.
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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