Petrel Resources Plc (LON:PET – Get Free Report) dropped 6.4% during trading on Friday . The company traded as low as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). Approximately 3,522,633 shares changed hands during trading, an increase of 934% from the average daily volume of 340,524 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Stock Performance
The firm has a market cap of £2.58 million, a price-to-earnings ratio of -5.40 and a beta of 0.57. The business’s 50 day moving average price is GBX 1.30 and its 200 day moving average price is GBX 1.04.
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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