Pennpetro Energy Plc (LON:PPP – Get Free Report) shares dropped 3.4% during mid-day trading on Friday . The stock traded as low as GBX 9 and last traded at GBX 9. Approximately 640,882 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 4,838,305 shares. The stock had previously closed at GBX 9.32.
Pennpetro Energy Stock Performance
The company has a market capitalization of £9.57 million, a P/E ratio of -1.00 and a beta of 2.08. The company has a quick ratio of 0.27, a current ratio of 0.46 and a debt-to-equity ratio of 699.01. The business has a fifty day simple moving average of GBX 9.
About Pennpetro Energy
Pennpetro Energy Plc engages in onshore oil and gas exploration and production in the United States. Its principal property is the undeveloped central portion of the Gonzales oil field that consists of leasehold petroleum mineral interests with approximately 1,000 leases covering an area of 2,500 acres located in the City of Gonzales, Texas. The company was incorporated in 2016 and is based in London, the United Kingdom.
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