Petrel Resources Plc (LON:PET – Get Free Report) was down 11.1% during trading on Thursday . The company traded as low as GBX 0.80 and last traded at GBX 0.80. Approximately 382,249 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 317,164 shares. The stock had previously closed at GBX 0.90.
Petrel Resources Stock Performance
The business has a fifty day simple moving average of GBX 0.82 and a 200 day simple moving average of GBX 0.79. The stock has a market capitalization of £1.66 million, a price-to-earnings ratio of -2.50 and a beta of 0.66.
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. Petrel Resources Plc was incorporated in 1982 and is based in Dublin, Ireland.
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