PetroTal (LON:PTAL) Trading Down 1.1% – Time to Sell?

PetroTal Corp. (LON:PTAL) shares fell 1.1% on Friday . The company traded as low as GBX 38.56 ($0.49) and last traded at GBX 38.56 ($0.49). 354,364 shares were traded during trading, a decline of 62% from the average session volume of 923,715 shares. The stock had previously closed at GBX 39 ($0.49).

PetroTal Price Performance

The stock has a market cap of £441.33 million, a P/E ratio of 4.18 and a beta of 1.90. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 5.12. The company’s fifty day simple moving average is GBX 36.32 and its 200-day simple moving average is GBX 36.89.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.