Petrel Resources Plc (LON:PET – Get Free Report) shares shot up 50.7% on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 2.11 ($0.03). 1,059,275 shares changed hands during trading, an increase of 346% from the average session volume of 237,288 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Trading Up 12.6 %
The stock has a market cap of £4.72 million, a PE ratio of -9.87 and a beta of 0.57. The company’s 50 day moving average is GBX 1.22 and its 200-day moving average is GBX 0.99.
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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