Petrel Resources Plc (LON:PET – Get Free Report)’s share price fell 10.6% on Monday . The company traded as low as GBX 0.76 and last traded at GBX 0.76. 200,000 shares were traded during mid-day trading, a decline of 53% from the average session volume of 421,764 shares. The stock had previously closed at GBX 0.85.
Petrel Resources Stock Down 9.1%
The business’s 50-day simple moving average is GBX 0.82 and its two-hundred day simple moving average is GBX 0.92. The firm has a market cap of £1.56 million, a price-to-earnings ratio of -2.34 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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