Shares of Petrel Resources Plc (LON:PET – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.79 and traded as high as GBX 0.85. Petrel Resources shares last traded at GBX 0.75, with a volume of 30,668 shares changing hands.
Petrel Resources Stock Performance
The business has a fifty day moving average price of GBX 0.83 and a 200 day moving average price of GBX 0.79. The company has a market capitalization of £1.56 million, a PE ratio of -2.34 and a beta of 0.66.
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.
Further Reading
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.
