Petrel Resources Plc (LON:PET – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1.18 ($0.02) and traded as low as GBX 0.67 ($0.01). Petrel Resources shares last traded at GBX 0.73 ($0.01), with a volume of 46,582 shares changing hands.
Petrel Resources Trading Down 3.4 %
The firm’s fifty day moving average price is GBX 0.82 and its 200 day moving average price is GBX 1.18. The firm has a market capitalization of £1.29 million, a PE ratio of -7.17 and a beta of 0.57.
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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