Petrel Resources Plc (LON:PET – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1.06 ($0.01) and traded as high as GBX 1.09 ($0.01). Petrel Resources shares last traded at GBX 1.08 ($0.01), with a volume of 370,064 shares traded.
Petrel Resources Stock Up 2.9 %
The stock has a market capitalization of £2.38 million, a P/E ratio of -4.98 and a beta of 0.57. The stock has a 50 day simple moving average of GBX 1.28 and a two-hundred day simple moving average of GBX 1.06.
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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