Petrel Resources (LON:PET) Trading Up 2.9% – Here’s What Happened

Petrel Resources Plc (LON:PETGet Free Report) was up 2.9% during mid-day trading on Tuesday . The stock traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 395,738 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 432,846 shares. The stock had previously closed at GBX 0.88 ($0.01).

Petrel Resources Stock Up 8.6%

The stock has a market capitalization of £1.97 million, a PE ratio of -2.97 and a beta of 0.57. The company has a 50-day moving average of GBX 0.83 and a 200 day moving average of GBX 0.94.

Petrel Resources Company Profile

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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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