Shares of Petrel Resources Plc (LON:PET – Get Free Report) traded up 2.6% during trading on Wednesday . The stock traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). 455,741 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 310,744 shares. The stock had previously closed at GBX 1.95 ($0.02).
Petrel Resources Stock Performance
The stock’s 50-day moving average is GBX 1.85 and its two-hundred day moving average is GBX 2.04. The stock has a market cap of £4.55 million, a PE ratio of -7.17 and a beta of 0.28.
Petrel Resources Company Profile
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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