Petrel Resources Plc (LON:PET – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.99 ($0.02) and traded as low as GBX 1.70 ($0.02). Petrel Resources shares last traded at GBX 1.80 ($0.02), with a volume of 214,866 shares changing hands.
Petrel Resources Stock Performance
The business has a 50 day moving average price of GBX 1.92 and a two-hundred day moving average price of GBX 2. The company has a market cap of £3.31 million, a P/E ratio of -7.17 and a beta of 0.28.
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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