Petrel Resources Plc (LON:PET – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.88 and traded as low as GBX 0.68. Petrel Resources shares last traded at GBX 0.73, with a volume of 457,806 shares changing hands.
Petrel Resources Stock Performance
The stock has a 50 day moving average of GBX 0.77 and a 200 day moving average of GBX 0.88. The stock has a market capitalization of £1.52 million, a P/E ratio of -2.29 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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