Petrel Resources PLC (LON:PET)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.64 and traded as low as $3.81. Petrel Resources shares last traded at $3.95, with a volume of 72,638 shares.

The stock has a market cap of $6.75 million and a price-to-earnings ratio of -0.79. The company has a 50-day simple moving average of GBX 4.57 and a two-hundred day simple moving average of GBX 4.64.

Petrel Resources Company Profile (LON:PET)

Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 15% interest in the Frontier Exploration Licence 3/14 in the Porcupine Basin, Ireland; and owns a 10% interest in licensing option (LO) 16/14 and 100% interests in LO 16/24 and LO 16/25 in Ireland.

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