Petrel Resources Plc (LON:PET – Get Free Report)’s share price shot up 50.7% during mid-day trading on Monday . The stock traded as high as GBX 2.20 ($0.03) and last traded at GBX 2.11 ($0.03). 1,059,275 shares traded hands during trading, an increase of 346% from the average session volume of 237,288 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Price Performance
The business’s 50 day simple moving average is GBX 1.22 and its 200 day simple moving average is GBX 0.99. The company has a market capitalization of £4.72 million, a price-to-earnings ratio of -9.87 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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