Shares of Petrel Resources Plc (LON:PET – Get Free Report) dropped 39.6% during mid-day trading on Thursday . The company traded as low as GBX 1.13 ($0.01) and last traded at GBX 1.15 ($0.01). Approximately 335,004 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 218,923 shares. The stock had previously closed at GBX 1.90 ($0.02).
Petrel Resources Stock Down 34.2 %
The company has a market cap of £2.76 million, a PE ratio of -5.77 and a beta of 0.57. The stock has a 50-day moving average of GBX 1.30 and a 200-day moving average of GBX 1.03.
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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