Petrel Resources Plc (LON:PET – Get Free Report)’s share price shot up 20% during trading on Thursday . The company traded as high as GBX 1.20 ($0.02) and last traded at GBX 1.20 ($0.02). 198,088 shares traded hands during trading, a decline of 62% from the average session volume of 520,282 shares. The stock had previously closed at GBX 1 ($0.01).
Petrel Resources Price Performance
The company has a market capitalization of £2.48 million, a P/E ratio of -7.17 and a beta of 0.57. The firm’s 50-day moving average is GBX 0.83 and its 200-day moving average is GBX 0.95.
Petrel Resources Company Profile
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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