Petrel Resources Plc (LON:PET – Get Free Report) traded down 12.5% during trading on Friday . The company traded as low as GBX 0.70 and last traded at GBX 0.70. 509,794 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 289,012 shares. The stock had previously closed at GBX 0.80.
Petrel Resources Price Performance
The stock’s 50-day moving average price is GBX 0.76 and its 200-day moving average price is GBX 0.79. The company has a market cap of £1.45 million, a P/E ratio of -2.19 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. Petrel Resources Plc was incorporated in 1982 and is based in Dublin, Ireland.
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