Petrel Resources Plc (LON:PET – Get Free Report) shares dropped 6.4% on Saturday . The company traded as low as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). Approximately 3,522,633 shares changed hands during trading, an increase of 934% from the average daily volume of 340,524 shares. The stock had previously closed at GBX 1.25 ($0.02).
Petrel Resources Stock Down 6.4 %
The firm has a market capitalization of £2.58 million, a price-to-earnings ratio of -5.40 and a beta of 0.57. The stock’s fifty day moving average is GBX 1.30 and its two-hundred day moving average is GBX 1.04.
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.
Further Reading
- Five stocks we like better than Petrel Resources
- Following Congress Stock Trades
- Institutional Investors Bet $1B on These 4 Stocks—Should You?
- How to Capture the Benefits of Dividend Increases
- One Must-Buy Stock and One to Avoid as Tariffs Shake the Market
- Profitably Trade Stocks at 52-Week Highs
- These 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?
Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.
