Shares of Petrel Resources Plc (LON:PET – Get Free Report) were up 10% on Friday . The company traded as high as GBX 1.10 and last traded at GBX 0.94. 1,384,151 shares were traded during mid-day trading, an increase of 348% from the average session volume of 308,650 shares. The stock had previously closed at GBX 0.85.
Petrel Resources Trading Up 10.0%
The company has a market capitalization of £1.94 million, a price-to-earnings ratio of -3.74 and a beta of 0.50. The stock’s fifty day simple moving average is GBX 0.86 and its 200-day simple moving average is GBX 0.83.
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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