Shares of Petrel Resources Plc (LON:PET – Get Free Report) were up 16.4% during mid-day trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.63 ($0.02). Approximately 1,065,037 shares traded hands during mid-day trading, an increase of 349% from the average daily volume of 237,453 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Price Performance
The firm has a market capitalization of £3.60 million, a PE ratio of -7.52 and a beta of 0.57. The company has a 50-day moving average price of GBX 1.21 and a 200 day moving average price of GBX 0.97.
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.
Further Reading
- Five stocks we like better than Petrel Resources
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Finding Hidden Gems: Unconventional Penny Stock Investing
- What is MarketRank™? How to Use it
- Price Targets on NVIDIA Rise in Front of Earnings
- Best Aerospace Stocks Investing
- Archer Aviation Stock Skids: Mistaking Progress for Bad News?
Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.
