PetroNeft Resources (PTR) Shares Up 22.2%

Shares of PetroNeft Resources Plc (LON:PTR) shot up 22.2% during mid-day trading on Thursday . The company traded as high as GBX 1.65 ($0.02) and last traded at GBX 1.65 ($0.02). 305,402 shares changed hands during mid-day trading, an increase of 369% from the average session volume of 65,082 shares. The stock had previously closed at GBX 1.35 ($0.02).

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PetroNeft Resources Company Profile (LON:PTR)

PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia. The company's primary assets are a 50% operating interest in Licence 61 that covers 4,991 square kilometers in the Tomsk Oblast; and a 50% operating interest in Licence 67 covering 2,447 square kilometers located in the Tomsk Oblast.

Further Reading: Technical Analysis

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