Petrel Resources (LON:PET) Stock Price Down 0.6% – Time to Sell?

Petrel Resources Plc (LON:PETGet Free Report) shares traded down 0.6% during mid-day trading on Monday . The company traded as low as GBX 0.70 and last traded at GBX 0.70. 848,441 shares traded hands during mid-day trading, an increase of 146% from the average session volume of 345,423 shares. The stock had previously closed at GBX 0.70.

Petrel Resources Price Performance

The firm has a market cap of £1.45 million, a PE ratio of -2.19 and a beta of 0.57. The firm has a 50-day simple moving average of GBX 0.71 and a 200 day simple moving average of GBX 0.79.

About Petrel Resources

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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. Petrel Resources Plc was incorporated in 1982 and is based in Dublin, Ireland.

Further Reading

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