PetroTal (LON:PTAL) Shares Up 2.1% – Still a Buy?

PetroTal Corp. (LON:PTAL) traded up 2.1% during mid-day trading on Tuesday . The company traded as high as GBX 29 and last traded at GBX 28.60. 2,712,450 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 1,338,305 shares. The stock had previously closed at GBX 28.

PetroTal Price Performance

The firm has a market cap of £264.77 million, a P/E ratio of 3.63 and a beta of 0.43. The firm’s fifty day simple moving average is GBX 23.24 and its 200 day simple moving average is GBX 26.12. The company has a debt-to-equity ratio of 19.46, a quick ratio of 1.83 and a current ratio of 2.27.

About PetroTal

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.