Petrel Resources (LON:PET)‘s stock had its “corporate” rating reaffirmed by equities research analysts at Northland Securities in a research report issued to clients and investors on Tuesday.

LON:PET opened at GBX 2.55 ($0.03) on Tuesday. Petrel Resources has a 12 month low of GBX 1.25 ($0.02) and a 12 month high of GBX 4.88 ($0.06).

Petrel Resources Company Profile

Petrel Resources Plc, together with its subsidiaries, operates as a junior oil and gas exploration company. The company holds a 15% interest in 475 square kilometers of prospective acreage; and owns 100% licensing options covering an area of 924 square kilometers in Porcupine Basin, Ireland. It also holds a 30% interest in the Tano 2A Block covering 1,532 square kilometers located in Ghana; and interests in various licenses situated in Wasit province in Iraq.

Read More: Should You Consider an Index Fund?

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's FREE daily email newsletter.