Petrel Resources Plc (LON:PET – Get Free Report) was up 8.1% during trading on Tuesday . The company traded as high as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 350,000 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 531,416 shares. The stock had previously closed at GBX 0.93 ($0.01).
Petrel Resources Trading Up 7.6 %
The company has a 50 day simple moving average of GBX 0.79 and a two-hundred day simple moving average of GBX 0.96. The firm has a market capitalization of £1.98 million, a P/E ratio of -7.17 and a beta of 0.57.
Petrel Resources Company Profile
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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