Global Petroleum Limited (LON:GBP – Get Free Report)’s share price rose 12.4% during trading on Tuesday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.20 ($0.00). Approximately 34,680,973 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 88,165,883 shares. The stock had previously closed at GBX 0.18 ($0.00).
Global Petroleum Price Performance
The company has a fifty day moving average price of GBX 0.17 and a 200 day moving average price of GBX 0.10. The stock has a market cap of £7.16 million, a P/E ratio of -1.57 and a beta of 0.75.
Global Petroleum Company Profile
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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