Petrel Resources Plc (LON:PET – Get Free Report) rose 10.9% on Tuesday. The stock traded as high as GBX 0.90 and last traded at GBX 0.89. Approximately 174,628 shares traded hands during trading, a decline of 38% from the average daily volume of 282,721 shares. The stock had previously closed at GBX 0.80.
Petrel Resources Trading Up 10.9%
The business has a 50-day moving average of GBX 0.85 and a two-hundred day moving average of GBX 0.84. The firm has a market cap of £1.84 million, a P/E ratio of -5.22 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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