Petrel Resources Plc (LON:PET – Get Free Report) shares shot up 30.8% during trading on Wednesday . The stock traded as high as GBX 1.57 ($0.02) and last traded at GBX 1.57 ($0.02). 455,441 shares were traded during mid-day trading, an increase of 113% from the average session volume of 213,424 shares. The stock had previously closed at GBX 1.20 ($0.02).
Petrel Resources Stock Performance
The firm’s 50 day simple moving average is GBX 1.20 and its 200-day simple moving average is GBX 0.97. The stock has a market capitalization of £3.31 million, a price-to-earnings ratio of -6.92 and a beta of 0.57.
Petrel Resources Company Profile
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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