Global Petroleum Limited (LON:GBP – Get Free Report)’s stock price shot up 16.7% on Monday . The stock traded as high as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). 23,819,516 shares changed hands during trading, a decline of 73% from the average session volume of 87,747,656 shares. The stock had previously closed at GBX 0.19 ($0.00).
Global Petroleum Stock Performance
The stock’s 50 day simple moving average is GBX 0.18 and its 200-day simple moving average is GBX 0.11. The firm has a market cap of £7.51 million, a price-to-earnings ratio of -1.57 and a beta of 0.75.
About Global Petroleum
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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