Shares of Global Petroleum Limited (LON:GBP – Get Free Report) traded up 14.4% during trading on Friday . The company traded as high as GBX 0.31 ($0.00) and last traded at GBX 0.31 ($0.00). 40,893,688 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 86,676,828 shares. The stock had previously closed at GBX 0.27 ($0.00).
Global Petroleum Trading Up 9.6 %
The stock’s fifty day moving average price is GBX 0.24 and its 200 day moving average price is GBX 0.14. The stock has a market cap of £11.57 million, a P/E 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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