PetroTal (LON:PTAL) Trading Down 14.5% – Should You Sell?

PetroTal Corp. (LON:PTAL) shares traded down 14.5% on Tuesday . The company traded as low as GBX 18.53 and last traded at GBX 18.80. 1,603,323 shares changed hands during trading, an increase of 8% from the average session volume of 1,478,561 shares. The stock had previously closed at GBX 22.

Wall Street Analyst Weigh In

Separately, Peel Hunt reaffirmed an “under review” rating on shares of PetroTal in a research report on Thursday, November 13th.

PetroTal Stock Down 14.5%

The stock’s fifty day simple moving average is GBX 21.71 and its two-hundred day simple moving average is GBX 30.69. The company has a debt-to-equity ratio of 5.12, a current ratio of 2.10 and a quick ratio of 1.83. The company has a market capitalization of £171.65 million, a price-to-earnings ratio of 2.35 and a beta of 1.90.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.