Global Petroleum (LON:GBP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Global Petroleum Limited (LON:GBPGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.19 ($0.00) and traded as low as GBX 0.12 ($0.00). Global Petroleum shares last traded at GBX 0.12 ($0.00), with a volume of 16,397,861 shares.

Global Petroleum Price Performance

The stock has a market cap of £7.44 million, a PE ratio of -3.01 and a beta of 0.75. The company has a 50-day simple moving average of GBX 0.16 and a 200-day simple moving average of GBX 0.19.

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).

Further Reading

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