Global Petroleum (LON:GBP) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Global Petroleum Limited (LON:GBPGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.18 ($0.00) and traded as low as GBX 0.16 ($0.00). Global Petroleum shares last traded at GBX 0.17 ($0.00), with a volume of 57,246,336 shares traded.

Global Petroleum Stock Up 3.6 %

The firm’s 50 day simple moving average is GBX 0.24 and its 200 day simple moving average is GBX 0.18. The company has a market cap of £6.69 million, a price-to-earnings ratio of -1.57 and a beta of 0.75.

Global Petroleum Company Profile

(Get Free Report)

Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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