Global Petroleum (LON:GBP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Global Petroleum Limited (LON:GBPGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0.19 ($0.00) and traded as low as GBX 0.11 ($0.00). Global Petroleum shares last traded at GBX 0.12 ($0.00), with a volume of 31,422,539 shares traded.

Global Petroleum Stock Down 7.3 %

The firm has a market capitalization of £6.90 million, a price-to-earnings ratio of -2.79 and a beta of 0.75. The stock has a 50 day moving average of GBX 0.14 and a 200 day moving average of GBX 0.19.

Global Petroleum Company Profile

(Get Free Report)

Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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