Petrel Resources Plc (LON:PET – Get Free Report)’s stock price rose 9.7% on Friday . The stock traded as high as GBX 0.88 and last traded at GBX 0.88. Approximately 113,895 shares changed hands during trading, a decline of 57% from the average daily volume of 265,369 shares. The stock had previously closed at GBX 0.80.
Petrel Resources Stock Down 12.5%
The firm has a market capitalization of £1.45 million, a price-to-earnings ratio of -2.19 and a beta of 0.57. The company’s 50 day moving average is GBX 0.77 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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