Petrel Resources Plc (LON:PET – Get Free Report)’s stock price shot up 16.4% during mid-day trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.63 ($0.02). 1,065,037 shares changed hands during mid-day trading, an increase of 349% from the average session volume of 237,453 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Stock Up 16.4 %
The stock’s 50-day moving average price is GBX 1.21 and its 200 day moving average price is GBX 0.98. The firm has a market cap of £3.60 million, a price-to-earnings ratio of -7.52 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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