Petrel Resources Plc (LON:PET – Get Free Report) shares dropped 3% during trading on Tuesday . The company traded as low as GBX 0.75 and last traded at GBX 0.97. Approximately 1,040,838 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 314,378 shares. The stock had previously closed at GBX 1.
Petrel Resources Price Performance
The company’s 50-day simple moving average is GBX 0.87 and its 200-day simple moving average is GBX 0.84. The stock has a market capitalization of £1.45 million, a price-to-earnings ratio of -2.80 and a beta of 0.50.
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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