Petrel Resources Plc (LON:PET – Get Free Report) shares dropped 5.6% on Friday . The company traded as low as GBX 1.18 ($0.02) and last traded at GBX 1.18 ($0.02). Approximately 1,133,219 shares changed hands during trading, an increase of 298% from the average daily volume of 284,956 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Trading Down 6.4 %
The stock’s 50 day moving average price is GBX 1.30 and its two-hundred day moving average price is GBX 1.04. The firm has a market capitalization of £2.58 million, a PE 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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