Petrel Resources Plc (LON:PET – Get Free Report) traded down 39.6% on Thursday . The stock traded as low as GBX 1.13 ($0.01) and last traded at GBX 1.15 ($0.01). 335,004 shares traded hands during trading, an increase of 53% from the average session volume of 218,923 shares. The stock had previously closed at GBX 1.90 ($0.02).
Petrel Resources Price Performance
The firm has a fifty day simple moving average of GBX 1.30 and a two-hundred day simple moving average of GBX 1.03. The firm has a market capitalization of £2.76 million, a P/E ratio of -5.77 and a beta of 0.57.
About Petrel Resources
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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