Pennpetro Energy (LON:PPP) Sets New 52-Week Low – What’s Next?
by Danessa Lincoln · The Markets DailyPennpetro Energy Plc (LON:PPP – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 9 and last traded at GBX 9, with a volume of 640882 shares trading hands. The stock had previously closed at GBX 9.32.
Pennpetro Energy Trading Down 3.4%
The company has a market capitalization of £9.57 million, a P/E ratio of -1.00 and a beta of 2.08. The company has a current ratio of 0.46, a quick ratio of 0.27 and a debt-to-equity ratio of 699.01.
Pennpetro Energy Company Profile
Pennpetro Energy Plc engages in onshore oil and gas exploration and production in the United States. Its principal property is the undeveloped central portion of the Gonzales oil field that consists of leasehold petroleum mineral interests with approximately 1,000 leases covering an area of 2,500 acres located in the City of Gonzales, Texas. The company was incorporated in 2016 and is based in London, the United Kingdom.