Global Petroleum (LON:GBP) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Global Petroleum Limited (LON:GBPGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.19 ($0.00) and traded as low as GBX 0.12 ($0.00). Global Petroleum shares last traded at GBX 0.12 ($0.00), with a volume of 16,397,861 shares.

Global Petroleum Trading Up 0.8 %

The stock’s 50-day moving average price is GBX 0.16 and its 200-day moving average price is GBX 0.19. The stock has a market cap of £7.44 million, a price-to-earnings ratio of -3.01 and a beta of 0.75.

About Global Petroleum

(Get Free Report)

Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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