Global Petroleum Limited (LON:GBP – Get Free Report) shares traded down 4.8% on Tuesday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.26 ($0.00). 61,742,469 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 85,883,133 shares. The stock had previously closed at GBX 0.27 ($0.00).
Global Petroleum Stock Down 9.5 %
The firm has a market cap of £8.60 million, a price-to-earnings ratio of -1.57 and a beta of 0.75. The business has a 50 day moving average price of GBX 0.16 and a 200-day moving average price of GBX 0.10.
About Global Petroleum
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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