Global Petroleum (LON:GBP) Stock Price Crosses Below Two Hundred Day Moving Average of $0.48

Global Petroleum Limited (LON:GBPGet Rating) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.48 ($0.01) and traded as low as GBX 0.33 ($0.00). Global Petroleum shares last traded at GBX 0.33 ($0.00), with a volume of 3,796,874 shares traded.

Global Petroleum Trading Down 2.9 %

The firm has a market capitalization of £2.70 million and a price-to-earnings ratio of -1.66. The stock has a fifty day moving average of GBX 0.38 and a 200-day moving average of GBX 0.48.

Global Petroleum Company Profile

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Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. The company primarily owns an 85% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5, 798square kilometers located in Walvis Basin, Namibia.

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