Petrel Resources (LON:PET) Stock Price Up 17.5% – What’s Next?

by · The Markets Daily

Petrel Resources Plc (LON:PET – Get Free Report)’s share price was up 17.5% during mid-day trading on Wednesday . The stock traded as high as GBX 1.58 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 838,985 shares were traded during trading, an increase of 272% from the average daily volume of 225,409 shares. The stock had previously closed at GBX 1.20 ($0.02).

Petrel Resources Stock Performance

The firm has a market cap of £3.09 million, a P/E ratio of -6.46 and a beta of 0.57. The company has a 50 day moving average of GBX 1.21 and a 200 day moving average of GBX 0.97.

About Petrel Resources

(Get Free Report)

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.

See Also