Global Petroleum (LON:GBP) Stock Price Up 5.3% – Still a Buy?

Global Petroleum Limited (LON:GBPGet Free Report)’s share price was up 5.3% during trading on Thursday . The company traded as high as GBX 0.26 ($0.00) and last traded at GBX 0.26 ($0.00). Approximately 35,428,535 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 86,011,797 shares. The stock had previously closed at GBX 0.25 ($0.00).

Global Petroleum Stock Performance

The stock has a market cap of £10.36 million, a PE ratio of -1.57 and a beta of 0.75. The stock has a fifty day moving average price of GBX 0.14 and a 200 day moving average price of GBX 0.09.

Global Petroleum Company Profile

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Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.

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