Shares of Petrel Resources Plc (LON:PET – Get Free Report) were up 50.7% on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 2.11 ($0.03). Approximately 1,057,660 shares changed hands during trading, an increase of 346% from the average daily volume of 237,242 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Trading Up 49.9 %
The business has a 50 day moving average of GBX 1.21 and a two-hundred day moving average of GBX 0.97. The firm has a market cap of £4.63 million, a P/E ratio of -9.68 and a beta of 0.57.
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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