PetroTal (LON:PTAL) Shares Down 2.3% – Time to Sell?

PetroTal Corp. (LON:PTAL)’s share price dropped 2.3% on Tuesday . The stock traded as low as GBX 21 and last traded at GBX 21. Approximately 176,120 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,397,467 shares. The stock had previously closed at GBX 21.50.

Analyst Ratings Changes

Separately, Peel Hunt reiterated an “under review” rating on shares of PetroTal in a report on Thursday, November 13th.

PetroTal Trading Down 2.3%

The company has a market cap of £191.73 million, a price-to-earnings ratio of 2.63 and a beta of 1.90. The firm’s 50-day moving average price is GBX 20.73 and its 200 day moving average price is GBX 28.79. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 5.12.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.