Shares of Petrel Resources Plc (LON:PET – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.91 and traded as low as GBX 0.83. Petrel Resources shares last traded at GBX 0.86, with a volume of 38,340 shares.
Petrel Resources Price Performance
The firm has a market capitalization of £1.71 million, a PE ratio of -2.58 and a beta of 0.57. The stock has a 50-day moving average price of GBX 0.82 and a 200 day moving average price of GBX 0.91.
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.
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