Petrel Resources Plc (LON:PET – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.71 and traded as high as GBX 0.90. Petrel Resources shares last traded at GBX 0.90, with a volume of 195,077 shares changing hands.
Petrel Resources Stock Up 28.6%
The company has a market capitalization of £1.87 million, a PE ratio of -2.81 and a beta of 0.57. The firm’s 50-day moving average is GBX 0.71 and its 200-day moving average is GBX 0.79.
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. Petrel Resources Plc was incorporated in 1982 and is based in Dublin, Ireland.
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