Global Petroleum (LON:GBP) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Global Petroleum Limited (LON:GBPGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.19 ($0.00) and traded as low as GBX 0.14 ($0.00). Global Petroleum shares last traded at GBX 0.14 ($0.00), with a volume of 42,661,945 shares.

Global Petroleum Trading Down 0.7 %

The stock has a market capitalization of £8.53 million, a P/E ratio of -3.45 and a beta of 0.75. The stock has a 50 day moving average of GBX 0.22 and a 200-day moving average of GBX 0.19.

About Global Petroleum

(Get Free Report)

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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