Petrel Resources Plc (LON:PET – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 0.83 ($0.01) and last traded at GBX 0.83 ($0.01), with a volume of 8651 shares traded. The stock had previously closed at GBX 0.90 ($0.01).
Petrel Resources Price Performance
The firm’s 50-day moving average price is GBX 1.08 and its 200 day moving average price is GBX 1.64. The firm has a market cap of £1.65 million, a P/E 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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