PetroTal (LON:PTAL) Stock Price Up 2.1% – Time to Buy?

PetroTal Corp. (LON:PTAL) shares shot up 2.1% during mid-day trading on Tuesday . The company traded as high as GBX 29 and last traded at GBX 28.60. 2,712,450 shares traded hands during trading, an increase of 103% from the average session volume of 1,338,305 shares. The stock had previously closed at GBX 28.

PetroTal Stock Up 2.1%

The firm’s 50-day moving average price is GBX 23.14 and its 200 day moving average price is GBX 26.12. The firm has a market capitalization of £261.12 million, a price-to-earnings ratio of 3.58 and a beta of 0.43. The company has a debt-to-equity ratio of 19.46, a current ratio of 2.27 and a quick ratio of 1.83.

About PetroTal

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. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.