PetroTal (LON:PTAL) Sets New 1-Year Low – What’s Next?

PetroTal Corp. (LON:PTAL) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 19 and last traded at GBX 19.80, with a volume of 183171 shares changing hands. The stock had previously closed at GBX 20.

Analysts Set New Price Targets

Separately, Peel Hunt restated an “under review” rating on shares of PetroTal in a report on Thursday, November 13th.

PetroTal Stock Performance

The company has a debt-to-equity ratio of 5.12, a current ratio of 2.10 and a quick ratio of 1.83. The stock has a market capitalization of £180.78 million, a P/E ratio of 2.48 and a beta of 1.90. The company has a 50 day simple moving average of GBX 27.98 and a 200-day simple moving average of GBX 33.21.

About PetroTal

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.