Petrel Resources Plc (LON:PET – Get Free Report)’s stock price shot up 17.5% during mid-day trading on Wednesday . The stock traded as high as GBX 1.58 ($0.02) and last traded at GBX 1.41 ($0.02). 838,985 shares changed hands during mid-day trading, an increase of 272% from the average session volume of 225,409 shares. The stock had previously closed at GBX 1.20 ($0.02).
Petrel Resources Price Performance
The company’s 50-day simple moving average is GBX 1.19 and its 200-day simple moving average is GBX 0.96. The company has a market cap of £3.11 million, a price-to-earnings ratio of -6.50 and a beta of 0.57.
Petrel Resources Company Profile
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.
Further Reading
- Five stocks we like better than Petrel Resources
- What does consumer price index measure?
- Nebius Group: NVIDIA’s Investment Sparks All-Time Highs
- Using the MarketBeat Dividend Tax Calculator
- SoFi Stock Rallying Strong in the Last 5 Days—What’s Driving It?
- 3 Fintech Stocks With Good 2021 Prospects
- Intel Surges on M&A Talks: Rally Beginning or Just a Headfake?
Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.
