Global Petroleum Limited (LON:GBP – Get Free Report)’s share price rose 12.9% during trading on Wednesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 22,002,719 shares changed hands during trading, a decline of 74% from the average daily volume of 84,954,656 shares. The stock had previously closed at GBX 0.17 ($0.00).
Global Petroleum Price Performance
The firm has a fifty day moving average of GBX 0.21 and a two-hundred day moving average of GBX 0.12. The stock has a market capitalization of £7.43 million, a P/E ratio of -1.57 and a beta of 0.75.
About Global Petroleum
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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