Shares of Petrel Resources Plc (LON:PET – Get Free Report) were up 7.5% during mid-day trading on Thursday . The company traded as high as GBX 1.10 ($0.01) and last traded at GBX 1.08 ($0.01). Approximately 978,683 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 666,810 shares. The stock had previously closed at GBX 1 ($0.01).
Petrel Resources Stock Up 7.5 %
The company has a market capitalization of £1.98 million, a P/E ratio of -7.17 and a beta of 0.22. The business has a 50 day simple moving average of GBX 1.62 and a 200-day simple moving average of GBX 2.
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.
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