Petrel Resources Plc (LON:PET – Get Free Report)’s share price dropped 11.5% during trading on Thursday . The company traded as low as GBX 1.15 ($0.01) and last traded at GBX 1.15 ($0.01). Approximately 760,043 shares traded hands during trading, an increase of 48% from the average daily volume of 512,003 shares. The stock had previously closed at GBX 1.30 ($0.02).
Petrel Resources Stock Down 1.6 %
The stock’s fifty day moving average is GBX 1.01 and its two-hundred day moving average is GBX 0.93. The firm has a market capitalization of £2.34 million, a price-to-earnings ratio of -7.17 and a beta of 0.57.
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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