Global Petroleum Limited (LON:GBP – Get Free Report)’s share price traded down 8.8% during mid-day trading on Monday . The company traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.18 ($0.00). 121,949,727 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 88,470,352 shares. The stock had previously closed at GBX 0.19 ($0.00).
Global Petroleum Stock Performance
The company’s fifty day moving average price is GBX 0.17 and its 200 day moving average price is GBX 0.10. The firm has a market capitalization of £7.70 million, a price-to-earnings ratio of -1.57 and a beta of 0.75.
About Global Petroleum
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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