Petrel Resources Plc (LON:PET – Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.12 ($0.02) and traded as low as GBX 0.83 ($0.01). Petrel Resources shares last traded at GBX 0.90 ($0.01), with a volume of 837,000 shares trading hands.
Petrel Resources Price Performance
The firm’s fifty day moving average price is GBX 1.01 and its 200-day moving average price is GBX 1.12. The company has a market capitalization of £1.99 million, a price-to-earnings ratio of -4.15 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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