Petrel Resources Plc (LON:PET – Get Free Report)’s stock price rose 17.5% during trading on Wednesday . The company traded as high as GBX 1.58 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 838,985 shares were traded during mid-day trading, an increase of 272% from the average daily volume of 225,409 shares. The stock had previously closed at GBX 1.20 ($0.02).
Petrel Resources Price Performance
The firm has a market capitalization of £3.11 million, a price-to-earnings ratio of -6.50 and a beta of 0.57. The business’s fifty day simple moving average is GBX 1.19 and its 200 day simple moving average is GBX 0.96.
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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