Shares of Petrel Resources Plc (LON:PET – Get Free Report) were down 9.6% during mid-day trading on Friday . The stock traded as low as GBX 1.13 ($0.01) and last traded at GBX 1.13 ($0.01). Approximately 1,641,681 shares traded hands during mid-day trading, an increase of 453% from the average daily volume of 296,781 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Trading Down 6.4 %
The company has a market capitalization of £2.58 million, a price-to-earnings ratio of -5.40 and a beta of 0.57. The firm’s 50 day moving average price is GBX 1.30 and its two-hundred day moving average price is GBX 1.04.
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.
Further Reading
- Five stocks we like better than Petrel Resources
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- These 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?
- The Basics of Support and Resistance
- 3 Stocks to Buy While Others Stay on the Sidelines
- About the Markup Calculator
- MarketBeat Week in Review – 03/03 – 03/07
Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.
