Petrel Resources Plc (LON:PET – Get Free Report) shot up 21.4% during trading on Monday . The stock traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). 82,074 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 209,368 shares. The stock had previously closed at GBX 1.40 ($0.02).
Petrel Resources Stock Down 9.1 %
The firm has a market capitalization of £3.81 million, a price-to-earnings ratio of -7.97 and a beta of 0.57. The company’s fifty day moving average is GBX 1.22 and its two-hundred day moving average is GBX 0.99.
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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