Shares of Petrel Resources Plc (LON:PET – Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 0.84 and traded as high as GBX 0.90. Petrel Resources shares last traded at GBX 0.90, with a volume of 112,135 shares changing hands.
Petrel Resources Price Performance
The firm has a market cap of £1.86 million, a PE ratio of -5.28 and a beta of 0.50. The business has a fifty day moving average price of GBX 0.86 and a two-hundred day moving average price of GBX 0.84.
About Petrel Resources
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.
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