Global Petroleum (LON:GBP) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Global Petroleum Limited (LON:GBPGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.18 ($0.00) and traded as low as GBX 0.16 ($0.00). Global Petroleum shares last traded at GBX 0.16 ($0.00), with a volume of 98,983,055 shares traded.

Global Petroleum Trading Down 5.9 %

The company’s 50 day moving average price is GBX 0.24 and its two-hundred day moving average price is GBX 0.18. The firm has a market cap of £6.26 million, a PE ratio of -1.57 and a beta of 0.75.

About Global Petroleum

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Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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