Global Petroleum Limited (LON:GBP – Get Free Report)’s share price traded down 5.6% on Wednesday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.26 ($0.00). 31,751,857 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 85,961,617 shares. The stock had previously closed at GBX 0.27 ($0.00).
Global Petroleum Trading Down 10.4 %
The company has a fifty day moving average of GBX 0.14 and a 200-day moving average of GBX 0.09. The company has a market capitalization of £9.46 million, a price-to-earnings ratio of -1.57 and a beta of 0.75.
Global Petroleum Company Profile
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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