Shares of Petrel Resources Plc (LON:PET – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.79 and traded as low as GBX 0.70. Petrel Resources shares last traded at GBX 0.75, with a volume of 157,554 shares changing hands.
Petrel Resources Stock Performance
The company has a market cap of £1.56 million, a PE ratio of -2.34 and a beta of 0.57. The business’s 50-day moving average is GBX 0.76 and its 200 day moving average is GBX 0.79.
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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