Petrel Resources (LON:PET) Share Price Passes Below 200 Day Moving Average of $1.73

Petrel Resources Plc (LON:PETGet 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

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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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