Petrel Resources Plc (LON:PET – Get Free Report)’s stock price was down 8% during trading on Friday . The company traded as low as GBX 1.01 ($0.01) and last traded at GBX 1.01 ($0.01). Approximately 38,775 shares traded hands during trading, a decline of 92% from the average daily volume of 494,542 shares. The stock had previously closed at GBX 1.10 ($0.01).
Petrel Resources Price Performance
The business has a 50 day simple moving average of GBX 1.08 and a 200 day simple moving average of GBX 1.17. The company has a market capitalization of £2.34 million, a price-to-earnings ratio of -4.89 and a beta of 0.57.
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 holds interest in the Western Desert Block 6 located in Iraq.
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