Petrel Resources Plc (LON:PET – Get Free Report) shot 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). 1,065,037 shares changed hands during trading, an increase of 349% from the average session volume of 237,453 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Stock Up 16.4 %
The company has a market capitalization of £3.60 million, a P/E ratio of -7.52 and a beta of 0.57. The firm’s 50-day moving average price is GBX 1.21 and its 200 day moving average price is GBX 0.97.
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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