Petrel Resources Plc (LON:PET – Get Free Report)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0.85 and traded as low as GBX 0.61. Petrel Resources shares last traded at GBX 0.61, with a volume of 200,000 shares traded.
Petrel Resources Price Performance
The company has a fifty day simple moving average of GBX 0.76 and a two-hundred day simple moving average of GBX 0.85. The company has a market capitalization of £1.26 million, a P/E ratio of -1.90 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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