Petrel Resources Plc (LON:PET – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.83 ($0.01) and last traded at GBX 0.83 ($0.01), with a volume of 8651 shares changing hands. The stock had previously closed at GBX 0.90 ($0.01).
Petrel Resources Trading Down 8.3 %
The firm has a market capitalization of £1.52 million, a price-to-earnings ratio of -7.17 and a beta of 0.22. The firm’s 50-day moving average is GBX 1.12 and its 200 day moving average is GBX 1.67.
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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