Shares of Petrel Resources Plc (LON:PET – Get Free Report) were down 5.3% during mid-day trading on Friday . The company traded as low as GBX 0.81 ($0.01) and last traded at GBX 0.81 ($0.01). Approximately 450,000 shares traded hands during trading, a decline of 10% from the average daily volume of 497,570 shares. The stock had previously closed at GBX 0.85 ($0.01).
Petrel Resources Stock Performance
The firm has a fifty day moving average price of GBX 0.93 and a 200 day moving average price of GBX 1.09. The firm has a market capitalization of £1.67 million, a price-to-earnings ratio of -3.50 and a beta of 0.57.
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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