Shares of Petrel Resources Plc (LON:PET – Get Free Report) traded down 12.5% on Friday . The stock traded as low as GBX 0.70 and last traded at GBX 0.70. 502,242 shares changed hands during mid-day trading, an increase of 71% from the average session volume of 294,163 shares. The stock had previously closed at GBX 0.80.
Petrel Resources Trading Down 12.5%
The company has a fifty day moving average price of GBX 0.83 and a 200-day moving average price of GBX 0.79. The firm has a market capitalization of £1.45 million, a price-to-earnings ratio of -2.19 and a beta of 0.66.
Petrel Resources Company Profile
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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