Petrel Resources Plc (LON:PET – Get Free Report) shares traded down 3.9% during mid-day trading on Friday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.87 ($0.01). 128,524 shares traded hands during trading, a decline of 74% from the average session volume of 492,748 shares. The stock had previously closed at GBX 0.90 ($0.01).
Petrel Resources Stock Performance
The stock has a market capitalization of £1.99 million, a price-to-earnings ratio of -4.15 and a beta of 0.57. The company has a 50 day moving average of GBX 1.03 and a 200 day moving average of GBX 1.13.
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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