Global Petroleum Limited (LON:GBP – Get Free Report) was up 14.4% during trading on Friday . The company traded as high as GBX 0.31 ($0.00) and last traded at GBX 0.31 ($0.00). Approximately 40,893,688 shares traded hands during trading, a decline of 53% from the average daily volume of 86,676,828 shares. The stock had previously closed at GBX 0.27 ($0.00).
Global Petroleum Price Performance
The firm has a market cap of £11.38 million, a price-to-earnings ratio of -1.57 and a beta of 0.75. The business’s 50-day moving average price is GBX 0.24 and its two-hundred day moving average price is GBX 0.14.
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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