Petrel Resources Plc (LON:PET – Get Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1.06 ($0.01) and traded as low as GBX 1.05 ($0.01). Petrel Resources shares last traded at GBX 1.09 ($0.01), with a volume of 1,008,375 shares changing hands.
Petrel Resources Stock Up 3.8 %
The company has a market cap of £2.40 million, a P/E ratio of -5.03 and a beta of 0.57. The company has a fifty day moving average of GBX 1.30 and a 200 day 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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