PetroTal (LON:PTAL) Hits New 52-Week Low – Here’s Why

PetroTal Corp. (LON:PTALGet Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 22.50 and last traded at GBX 24, with a volume of 14028948 shares. The stock had previously closed at GBX 24.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated an “under review” rating on shares of PetroTal in a research report on Thursday.

View Our Latest Stock Analysis on PTAL

PetroTal Stock Performance

The firm’s 50 day moving average price is GBX 33.50 and its 200-day moving average price is GBX 34.91. The company has a debt-to-equity ratio of 5.12, a quick ratio of 1.83 and a current ratio of 2.10. The firm has a market capitalization of £219.42 million, a PE ratio of 3.00 and a beta of 1.90.

PetroTal Company Profile

(Get Free Report)

PetroTal is a publicly traded, tri?quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.

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