Bahamas Petroleum Company PLC (LON:BPC) shot up 7.8% on Friday . The company traded as high as GBX 1.60 ($0.02) and last traded at GBX 1.59 ($0.02). 524,439 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 5,610,000 shares. The stock had previously closed at GBX 1.48 ($0.02).

Separately, Shore Capital reiterated a “house stock” rating on shares of Bahamas Petroleum in a research report on Thursday, September 27th.

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Bahamas Petroleum Company Profile (LON:BPC)

Bahamas Petroleum Company plc engages in the oil and gas exploration activities in the Commonwealth of the Bahamas. The company owns a 100% interest in five exploration licenses. Bahamas Petroleum Company plc was founded in 2005 and is headquartered in Douglas, the United Kingdom.

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