Shares of Petrel Resources Plc (LON:PET – Get Free Report) dropped 5.6% on Friday . The company traded as low as GBX 1.18 ($0.02) and last traded at GBX 1.18 ($0.02). Approximately 1,133,219 shares were traded during mid-day trading, an increase of 298% from the average daily volume of 284,956 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Stock Down 5.6 %
The firm’s fifty day simple moving average is GBX 1.31 and its 200-day simple moving average is GBX 1.03. The company has a market cap of £2.60 million, a PE ratio of -5.44 and a beta of 0.57.
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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