Global Petroleum Limited (LON:GBP – Get Free Report) shares were down 4.8% during mid-day trading on Tuesday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.26 ($0.00). Approximately 61,742,469 shares traded hands during trading, a decline of 28% from the average daily volume of 85,883,133 shares. The stock had previously closed at GBX 0.27 ($0.00).
Global Petroleum Trading Down 9.5 %
The stock has a market capitalization of £8.60 million, a PE ratio of -1.57 and a beta of 0.75. The firm’s fifty day moving average price is GBX 0.16 and its two-hundred day moving average price is GBX 0.10.
About Global Petroleum
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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