Shares of Global Petroleum Limited (LON:GBP – Get Free Report) rose 14.1% on Wednesday . The stock traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 94,463,438 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 61,006,289 shares. The stock had previously closed at GBX 0.09 ($0.00).
Global Petroleum Price Performance
The stock has a market cap of £3.64 million, a PE ratio of -1.57 and a beta of 0.74. The business has a 50 day moving average price of GBX 0.07 and a two-hundred day moving average price of GBX 0.07.
Global Petroleum Company Profile
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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