Shares of Petrel Resources Plc (LON:PET – Get Free Report) dropped 15.8% on Friday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 192,379 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 582,460 shares. The stock had previously closed at GBX 0.95 ($0.01).
Petrel Resources Stock Performance
The firm has a market capitalization of £1.47 million, a price-to-earnings ratio of -7.17 and a beta of 0.57. The stock’s fifty day moving average is GBX 0.90 and its two-hundred day moving average is GBX 1.37.
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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