Petrel Resources Plc (LON:PET – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1.73 ($0.02) and traded as low as GBX 1.30 ($0.02). Petrel Resources shares last traded at GBX 1.35 ($0.02), with a volume of 54,347 shares traded.
Petrel Resources Trading Down 3.6 %
The stock has a market cap of £2.40 million and a P/E ratio of -6.75. The firm’s 50-day simple moving average is GBX 1.39 and its 200 day simple moving average is GBX 1.73.
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 100% interest in the Western Desert Block 6 located in Iraq.
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