Shares of Petrel Resources Plc (LON:PET – Get Free Report) traded down 8.1% during mid-day trading on Tuesday . The company traded as low as GBX 1.43 ($0.02) and last traded at GBX 1.43 ($0.02). 1,251,368 shares were traded during mid-day trading, an increase of 90% from the average session volume of 659,601 shares. The stock had previously closed at GBX 1.55 ($0.02).
Petrel Resources Stock Performance
The stock has a 50-day simple moving average of GBX 1.73 and a 200 day simple moving average of GBX 2.07. The company has a market cap of £2.62 million, a price-to-earnings ratio of -7.17 and a beta of 0.22.
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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