Petrel Resources Plc (LON:PET – Get Free Report) was up 16.4% during mid-day trading on Tuesday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.63 ($0.02). Approximately 1,065,037 shares were traded during trading, an increase of 349% from the average daily volume of 237,453 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Trading Up 10.5 %
The company has a market capitalization of £4.63 million, a P/E ratio of -9.68 and a beta of 0.57. The business’s fifty day moving average price is GBX 1.21 and its 200-day moving average price is GBX 0.98.
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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