Shares of Petrel Resources Plc (LON:PET – Get Free Report) traded down 5.6% during mid-day trading on Friday . The stock traded as low as GBX 1.18 ($0.02) and last traded at GBX 1.18 ($0.02). 1,133,219 shares traded hands during trading, an increase of 298% from the average session volume of 284,956 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Price Performance
The firm’s fifty day moving average price is GBX 1.30 and its 200-day moving average price is GBX 1.04. The company has a market cap of £2.58 million, a price-to-earnings ratio of -5.40 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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