PetroTal (LON:PTAL) Sets New 1-Year Low – Here’s What Happened

PetroTal Corp. (LON:PTAL)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 29.17 ($0.38) and last traded at GBX 30 ($0.39), with a volume of 710907 shares trading hands. The stock had previously closed at GBX 31.50 ($0.41).

PetroTal Price Performance

The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 5.12. The company has a 50 day simple moving average of GBX 36.57 and a 200-day simple moving average of GBX 36.15. The stock has a market cap of £371.95 million, a price-to-earnings ratio of 3.53 and a beta of 1.90.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.