Petrel Resources Plc (LON:PET – Get Free Report) shares were down 13% during trading on Tuesday . The stock traded as low as GBX 1.95 ($0.02) and last traded at GBX 2 ($0.03). Approximately 734,125 shares changed hands during trading, an increase of 138% from the average daily volume of 309,096 shares. The stock had previously closed at GBX 2.30 ($0.03).
Petrel Resources Stock Down 13.3 %
The stock has a market capitalization of £3.59 million, a PE ratio of -7.17 and a beta of 0.28. The stock has a fifty day moving average of GBX 1.87 and a 200-day moving average of GBX 2.04.
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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