Petrel Resources Plc (LON:PET – Get Free Report)’s share price shot up 5.9% on Friday . The stock traded as high as GBX 1 and last traded at GBX 0.90. 810,577 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 291,072 shares. The stock had previously closed at GBX 0.85.
Petrel Resources Price Performance
The firm has a market capitalization of £1.87 million, a price-to-earnings ratio of -3.60 and a beta of 0.50. The stock has a fifty day moving average of GBX 0.83 and a two-hundred day moving average of GBX 0.83.
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. Petrel Resources Plc was incorporated in 1982 and is based in Dublin, Ireland.
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