Shares of Petrel Resources Plc (LON:PET – Get Free Report) rose 16.7% during trading on Thursday . The company traded as high as GBX 2.10 ($0.03) and last traded at GBX 2.10 ($0.03). Approximately 1,498,739 shares were traded during mid-day trading, an increase of 454% from the average daily volume of 270,705 shares. The stock had previously closed at GBX 1.80 ($0.02).
Petrel Resources Stock Performance
The company has a market cap of £4.14 million, a P/E ratio of -7.17 and a beta of 0.28. The business’s 50-day moving average price is GBX 1.87 and its 200 day moving average price is GBX 2.02.
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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