Petrel Resources Plc (LON:PET – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.86 and traded as high as GBX 0.89. Petrel Resources shares last traded at GBX 0.81, with a volume of 1,098,322 shares changing hands.
Petrel Resources Stock Performance
The stock has a 50 day moving average of GBX 0.86 and a 200-day moving average of GBX 0.83. The company has a market cap of £1.87 million, a PE ratio of -3.60 and a beta of 0.50.
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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