PetroTal (LON:PTAL) Stock Price Up 2.8% – Still a Buy?

PetroTal Corp. (LON:PTAL)’s share price traded up 2.8% during mid-day trading on Monday . The company traded as high as GBX 36.50 ($0.47) and last traded at GBX 36.50 ($0.47). 1,923,491 shares traded hands during mid-day trading, an increase of 134% from the average session volume of 822,472 shares. The stock had previously closed at GBX 35.50 ($0.46).

PetroTal Stock Performance

The stock’s 50-day moving average price is GBX 37.94 and its 200-day moving average price is GBX 36.40. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 5.12. The company has a market capitalization of £417.73 million, a P/E ratio of 3.96 and a beta of 1.90.

PetroTal Company Profile

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.