Petrel Resources Plc (LON:PET – Get Free Report) shot up 16.7% during mid-day trading on Thursday . The stock traded as high as GBX 2.10 ($0.03) and last traded at GBX 2.10 ($0.03). 1,498,739 shares changed hands during mid-day trading, an increase of 454% from the average session volume of 270,705 shares. The stock had previously closed at GBX 1.80 ($0.02).
Petrel Resources Stock Performance
The company’s 50 day simple moving average is GBX 1.88 and its 200 day simple moving average is GBX 2.01. The stock has a market cap of £3.86 million, a PE ratio of -7.17 and a beta of 0.28.
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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